XLM consolidating and forming a bottom, preparing for uptake
This is an update of a previous post which can be found here: (see below)
Looking at the candlesticks:
The candle sticks show low testing (bullish).
Tip: when you see a candle stick you have two parts: a wider part and a thin part. If the thin part is quite large at either end, this is called "testing". In this case you can see a clear repeated "low testing", which is generally considered bullish.
Detail: the lows are also touching the lower Fibonnacci support as you can see.
Looking at MACD: Golden cross in the making (bullish)
Looking at the Bollinger bands: Bollinger band is slightly curving to neutral/upward territory. (rather bullish)
CCI in the good region.
Volume:
Buying volume was previously absent and is now showing up (relatively bullish)
Looking at the candlesticks:
The candle sticks show low testing (bullish).
Tip: when you see a candle stick you have two parts: a wider part and a thin part. If the thin part is quite large at either end, this is called "testing". In this case you can see a clear repeated "low testing", which is generally considered bullish.
Detail: the lows are also touching the lower Fibonnacci support as you can see.
Looking at MACD: Golden cross in the making (bullish)
Looking at the Bollinger bands: Bollinger band is slightly curving to neutral/upward territory. (rather bullish)
CCI in the good region.
Volume:
Buying volume was previously absent and is now showing up (relatively bullish)
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