I have drafted a new uptrend channel with some new resistance lines. XLMEUR has been recovering nicely and it looks like we have successfully broken the 0,255 resistance over the weekend. Today range between 0,26 and 0,27 RSI to remain in the between 55 and 70 XLMBTC to trade around 4000s resistance levels around 0,28 0,313 and 0,325 but watch out for...
Yesterday markets suddenly recovered. Yesterday I mentioned that the RSI was so low that a nice buying opportunity existed, but it was so short! So what's next for XLMEUR? range between 0,23 and 0,26 eur support at 0,2550 eur needs to be broken before we can go higher XLMBTC, level around 3800s RSI will remain high Good luck folks!
The price is on a crystal clear 4H Channel Down which is now pricing a Lower High (RSI = 45.400, Highs/Lows = 0, B/BP = -0.0080). Based on the Fibonacci retracement levels of the previous Channel Down, XLM should make a Lower Low on this Channel near 0.21539646 (which is our TP). After that it should rebound to the 0.50 Fibonacci (0.29077738), before possibly a...