XLM FAN Channel thing I thought of im sure their are strategies like it but this one is mine.
XLM created a new low under 8 cents at about .075 which really sucked ass.
However it is safe to say that we have found the trough in the cycle and we will begin to expand. Expansion is already being tested at about .09 however I do perceive the market will flow into .10 cents in the near future. To narrow it down specifically; 7 days tops. Of course this isn't financial advice, just my opinion. But furthermore it is apparent .07 was guarded and should not succumb any lower.
But wait, there's more. RSI is currently overbought but that doesn't mean much at this level it could be oversold at .08 (currently .087 as of)
If a breakout is to occur we could be overbought for 7 days and to be frankly honest I don't even use the RSI anymore...
anyway
yours truly
XLM created a new low under 8 cents at about .075 which really sucked ass.
However it is safe to say that we have found the trough in the cycle and we will begin to expand. Expansion is already being tested at about .09 however I do perceive the market will flow into .10 cents in the near future. To narrow it down specifically; 7 days tops. Of course this isn't financial advice, just my opinion. But furthermore it is apparent .07 was guarded and should not succumb any lower.
But wait, there's more. RSI is currently overbought but that doesn't mean much at this level it could be oversold at .08 (currently .087 as of)
If a breakout is to occur we could be overbought for 7 days and to be frankly honest I don't even use the RSI anymore...
anyway
yours truly
Note
this fan is actually a rough draft i have a much nicer one im working on and it looks great, ill post it in 12 days to see how it pans out.Note
uhhhhh it looks like a lump of steaming shit!!!!!!! if it doesn't bounce any time soon consider me rekt. Cause to you those lines are random derived from not a clue in the market. But I drew them from precise calculations. This is support, this is it. And if it goes lower than .076 I am so so sorry.
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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.