Lumen (XLMBTC): RSI/stoch. analysis + watching weekly close

5 May 2019

Indicators
Weekly RSI (orange bars) new lows week after week, now deeply oversold.
Weekly Stochastic RSI flat lined with D crossing K.

Together a good indicator for swing entry.

Not necessarily an indication for a price bottom (see my XRPBTC chart), but typically safer than any other rsi/stoch values.

Candles
Currently scary. Watching the weekly close - will hopefully close with a nice shadow. If next week closes with a reversal candle, like doji, pin bar or hammer, it would make it more interesting.

15 May 2019

Not

XLMBTC retracing the correction. I think we might correct upward to at least 0.382 or higher in coming weeks.

16 May 2019

Not

XLMBTC: wow first target hit much faster than I thought, I think we can hit 0.5 or even 0.618 in coming days.

16 May 2019

Not

XLMUSD breaks up out of log channel