XLM to move sideways(1D) |Upper band rejection with BB expansion
Market in last 1 week
Today’s Trend analysis
Price expected to see a sideways movement as the price got rejected after riding the upper band with Bollinger band expansion. Most of the Oscillator indicators are neutral. MACD line moving above the signal line, histogram size fluctuating in the positive direction suggesting bullish bias. RSI at 58, in the neutral region above the midline. CCI at around 105, in the overbought region indicating a downtrend. Another interesting point to notice here is that volume saw a change from volume increase with a price increase to volume decrease with price increase indicating a shift from buyers to sellers.
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 1 D candles.
DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter sudden jump in trade volume .
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If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
- XLMUSD saw an uptrend with the price riding the upper Bollinger band
- Price volatility was very high. The market moved ~22.08%, between $0.0879 and $0.0720
Today’s Trend analysis
- XLMUSD expected to see a sideways movement as the price got rejected after riding the upper band with Bollinger band expansion
- Price at time of publishing: $0.0873
- XLM’s market cap: $1.74 Billion
- Oscillator indicators are mostly neutral. RSI at 58 in the neutral region.
- Moving average indicators are indicating an uptrend. Ichimoku cloud indicating neutral with Hull moving average indicating a selling opportunity
- Volume indicators saw a change from volume increase with a price increase to volume decrease with a price increase
Price expected to see a sideways movement as the price got rejected after riding the upper band with Bollinger band expansion. Most of the Oscillator indicators are neutral. MACD line moving above the signal line, histogram size fluctuating in the positive direction suggesting bullish bias. RSI at 58, in the neutral region above the midline. CCI at around 105, in the overbought region indicating a downtrend. Another interesting point to notice here is that volume saw a change from volume increase with a price increase to volume decrease with price increase indicating a shift from buyers to sellers.
----------------------------------------------------------------------------------------
The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 1 D candles.
DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter sudden jump in trade volume .
----------------------------------------------------------------------------------------
If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
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