XLM is ready to break its yellow descending channel. Above 0.1127 and with a sustained trading, the token shall quickly test the 0.116-0.117 band, last rampart for the bears. Big picture shows textbook Elliott wave impulsive advances since the February low coupled with corrective falls. The token has much more up and down sequences to do before a real and long correction occurs.
The only black point is the overbought territory of the technical indicator. But we have often see markets still rising with such conditions.
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The only black point is the overbought territory of the technical indicator. But we have often see markets still rising with such conditions.
The TTH team is pleased to announce the grand opening of its Slack team. You will be able to share trading ideas with our community, improve your trading skills, benefit from live intraday technical analysis and strategies. Video sessions with TA teaching and concrete cases are on the agenda too.
Welcome bonus with a free trial
Link to the : Slack team
If you want a preview of our analyses,
follow us on Twitter
follow us on : Facebook
follow us on : LinkedIn
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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.
Disclaimer
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.