Based on the daily chart, Stochastic RSI is on oversold area, which could potentially reverse on these 2-3 days.
Also, we see that there is a bullish divergence on the Stochastic RSI (daily chart)
On the 4hr chart however, the Stochastic RSI is in a overbought area, which probably would stop the rise of XLM/USDT for a while. and continuing its upward momentum.
There are 3 scenarios that would probably take place.
1. it breaks the 0.382 fib level and go upwards.
2. reverse on the 0.382 fib level, bounce of the 20 EMA, and break the 0.382 fib level.
3. go down to the 50 EMA and 0.5 fib level, and reverse to break the 0.382 fib level.
On the fundamentals side, it is rumoured that XLM will conduct airdrop, giving the current XLM holders XLA (Stellar Activity) with the ratio of 1:2
The momentum/sentiment towards Stellar Lumens (XLM) have been so positive.
Disclaimer: this is not a financial/trading advice.
Good luck to you all!
Also, we see that there is a bullish divergence on the Stochastic RSI (daily chart)
On the 4hr chart however, the Stochastic RSI is in a overbought area, which probably would stop the rise of XLM/USDT for a while. and continuing its upward momentum.
There are 3 scenarios that would probably take place.
1. it breaks the 0.382 fib level and go upwards.
2. reverse on the 0.382 fib level, bounce of the 20 EMA, and break the 0.382 fib level.
3. go down to the 50 EMA and 0.5 fib level, and reverse to break the 0.382 fib level.
On the fundamentals side, it is rumoured that XLM will conduct airdrop, giving the current XLM holders XLA (Stellar Activity) with the ratio of 1:2
The momentum/sentiment towards Stellar Lumens (XLM) have been so positive.
Disclaimer: this is not a financial/trading advice.
Good luck to you all!
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XLM is still trying to break the 0.382 fib level on the hour chart
