RSI squezing and local double top.

3 ก.พ. 2020

We have a local double top visisble on the 4H timefrime ( picture below ).
RSI was overbought and now going down while having the same price as previous RSI high. meaning possible reversal coming.
The RSI was also in a uptrend if it keeps this and breaks above there would be a longer time that XLM would be overbought but the price will rice and possible try to break the 7 cent area.

If price goes lower possible target at 4 cents.

3 ก.พ. 2020

บันทึก

3 ก.พ. 2020

บันทึก

Bullish case this is a ascending triangle bearish RSI says it wanna go down.

3 ก.พ. 2020

บันทึก

Support zone currently / previously resistance hope to hold this or drop to black support line and bounce back above it.

5 ก.พ. 2020

บันทึก

Looks like RSI jumped above the resistance line, getting ready to be overbought a lot. 7 cents incoming ?