XLMUSD has seen a bearish run in the past 2-3 days. It has mainly found support at the 200 MA 1 Hr interval, and seems to be recovering from this point. In previous cycles XLMUSD bouncing off crossing the 200 MA has meant a bull run.
Another indicator on the chart is the Fibonacci retracement lines, they can be used to predict future price movements, and as we can see on the chart, we can see that the price is bouncing off the 0.5 level. This increases the bullish sentiment towards the price action of XLMUSD in the coming hours or days.
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Another indicator on the chart is the Fibonacci retracement lines, they can be used to predict future price movements, and as we can see on the chart, we can see that the price is bouncing off the 0.5 level. This increases the bullish sentiment towards the price action of XLMUSD in the coming hours or days.
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