XLMUSD already reached its logical bottom a week ago, but some trailing downward movement is still experienced to complete the momentum. However, momentum divergence towards the uptrend seems to be unfolding because price makes a higher high but the ADX indicator does not. Also, RSI seem to be crossing over and has a big area to go up.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.