XLMUSD to move sideways(1D) | Bearish momentum
Market in last 1 week
Today’s Trend analysis
Price expected to see a sideways movement as the price is getting support at the lower band and resistance at the midline with Bollinger band squeeze. Most of the Oscillator indicators are neutral. MACD line crossed above the signal line, histogram size decreasing in the positive direction suggesting bullish bias. RSI at 39, in the neutral region below the midline. CCI at around -42, still in the neutral region. Another interesting point to notice here is that volume saw a similar value of volume in recent candles with the volume being below the 20-candle moving average indicating bearish momentum.
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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 consolidation followed by a downtrend i.e. moving sideways
- Price volatility was very high. The market moved ~12.93%, between $0.084 and $0.075
Today’s Trend analysis
- XLMUSD expected to see a sideways movement as the price is getting support at the lower band and resistance at the midline with Bollinger band squeeze
- Price at time of publishing: $0.0797
- XLM’s market cap: $1.65 Billion
- Oscillator indicators are mostly neutral. RSI at 39 in the neutral region.
- Moving average indicators are indicating a downtrend. Ichimoku cloud indicating neutral with Hull moving average indicating a buying opportunity
- Volume indicators saw a similar value of volume in recent candles with the volume being below the 20-candle moving average
Price expected to see a sideways movement as the price is getting support at the lower band and resistance at the midline with Bollinger band squeeze. Most of the Oscillator indicators are neutral. MACD line crossed above the signal line, histogram size decreasing in the positive direction suggesting bullish bias. RSI at 39, in the neutral region below the midline. CCI at around -42, still in the neutral region. Another interesting point to notice here is that volume saw a similar value of volume in recent candles with the volume being below the 20-candle moving average indicating bearish momentum.
----------------------------------------------------------------------------------------
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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