Since beginning of 2018 the token from Stellar - Lumen - is captured within a negative trend channel.
And since feb 2018 it is near to its upper limit - but didn´t manage it to break through this resistance.
It has rebounded each time and has fallen back to the middle of the trend channel.
It seems that XLM is now on the way to test the limit another time.
Short behind we find strong resistances: a) fib retracement 61.8% (upgoing) and fib retracement 23.6% (downgoing)
IF - if - XLM breaks through these strong resistances and resists to fall back, then the negative trend channel is clearly left and XLM would be in a positive move.
Indicators:
Volume very very low. One can say there is not much left in trading volumen.
RSI has just broken the trend line from bottom to up (positive).
MACD is neutral - not much momentum at all.
And since feb 2018 it is near to its upper limit - but didn´t manage it to break through this resistance.
It has rebounded each time and has fallen back to the middle of the trend channel.
It seems that XLM is now on the way to test the limit another time.
Short behind we find strong resistances: a) fib retracement 61.8% (upgoing) and fib retracement 23.6% (downgoing)
IF - if - XLM breaks through these strong resistances and resists to fall back, then the negative trend channel is clearly left and XLM would be in a positive move.
Indicators:
Volume very very low. One can say there is not much left in trading volumen.
RSI has just broken the trend line from bottom to up (positive).
MACD is neutral - not much momentum at all.