XLM Accumulation period
I drew that yellow line its resting about 3 weeks ago, and it is really sticking to it. From using my graph, I predict that we will exit the fib circles with a new pump, XLM and XRP have always had similar pumps every 6 months, so I'd be fascinated to see if it does it again. Secondly, the commodity channel index, is predicting a period of stable accumulation which I think is brilliant. And thirdly we have a divergence on the blue circles between the MACD. As you can see we made a lower low on the graph but a higher low on the oscillator, which tends to point towards a regular bullish divergence. This should really be the bottom for XLM and I dont see it going down any further.
No buy or sell signals, just an outlook on XLM at this point in time.
(Another thing to note is how unaffected XLM has been over the last several weeks from the bitcoin drop. Its relatively well held its own, and simply returned to a trendline deemed fit to stick too.
No buy or sell signals, just an outlook on XLM at this point in time.
(Another thing to note is how unaffected XLM has been over the last several weeks from the bitcoin drop. Its relatively well held its own, and simply returned to a trendline deemed fit to stick too.
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