XLMUSD: strong move ahead. Target $0.50
XLMUSD is showing very bullish signs:
- Bullflag since december 2017.
- Fisher transforms shows an exaggerated bullish divergence (it's now trending up).
- MacD about to make a bullish cross and trending up (soon will cross 0 line).
- MFI oversold (extreme move) on the weekly chart and signaling a strong reversal.
Pretty much every indicator is oversold on the the higher time frames.
BTC Dominance confirms the reversal as it is pointing south.
Sentiment around alt is extremely bearish hinting that a reversal is near.
Might take few weeks.
- Bullflag since december 2017.
- Fisher transforms shows an exaggerated bullish divergence (it's now trending up).
- MacD about to make a bullish cross and trending up (soon will cross 0 line).
- MFI oversold (extreme move) on the weekly chart and signaling a strong reversal.
Pretty much every indicator is oversold on the the higher time frames.
BTC Dominance confirms the reversal as it is pointing south.
Sentiment around alt is extremely bearish hinting that a reversal is near.
Might take few weeks.
I'm calling $1 XLM within 6-10 months.