XLMUSD to see an uptrend(1D) | Shift to buyers with BB squeeze

Тема в разделе "English", создана пользователем Trading Ideas, 25 сен 2020.

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    XLMUSD to see an uptrend(1D) | Shift to buyers with BB squeeze
    XLM/USD COINBASE:XLMUSD
    Mudrex
    waNjgIkd_mid.png
    Market in last 1 week
    • XLMUSD saw a downtrend followed by support from lower band
    • Price volatility was very high. The market moved ~19.04%, between $0.0794 and $0.0667

    Today’s Trend analysis
    XLMUSD expected to see an uptrend as price is moving inside bands and after getting support form lower band with Bollinger band squeeze price to move up
    Price at time of publishing: $0.0745
    XLM’s market cap: $1.54 Billion
    Oscillator indicators are mostly neutral. RSI at 41 in the neutral region.
    Moving average indicators are indicating towards a downtrend. Ichimoku cloud indicating neutral with Hull movinag average indicatng a buying opportunity
    Volume indicators saw an increase as price decreased while decrease in volume as price increased


    Price expected to see an uptrend as price is moving inside bands and after getting support form lower band with Bollinger band squeeze price to move up. Most of the Oscillator indicators are neutral. MACD line moving below the signal line, histogram size decreasing in the negative direction suggesting bearish bias. RSI at 41, in the neutral region below the midline with an up move from oversold region. CCI at around -53, in the neutral region from oversold. Another interesting point to notice here is that volume saw an increase as price decreased while decrease in volume as price increased changing to the same level for price increase indicating a shift to buyers.

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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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    - Mudrex
     
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