XLMUSD to see downtrend(1D) | Price riding the lower band
Market in last 1 week
-XLMUSD saw a downtrend and started riding the lower band
-Price volatility was very high. The market moved ~13.54%, between $0.127 and $0.094
Today’s Trend analysis
-XLMUSD expected to see a downtrend as price got rejected from upper band with lower highs and riding the lower band
-Price at time of publishing: $0.0941
-XRP’s market cap: $1.95 Billion
-Oscillator indicators are mostly neutral. RSI at 41 in the neutral region.
-Moving average indicators are biased towards a downtrend. Ichimoku cloud indicating neutral
-Volume indicators saw an increase in the volume in the recent candles being below the 20-candle moving average
Price expected to see a downtrend as price got rejected from upper band with lower highs and riding the lower band. Most of the Oscillator indicators are neutral. MACD moving below the signal line, histogram size increasing in the negative direction. RSI at 41, still in the neutral region below the midline. CCI at -141, in the overbought region, indicating an uptrend. Another interesting point to notice here is that the volume saw an increase in the volume in the recent candles suggesting a strengthened selling pressure
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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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If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
-XLMUSD saw a downtrend and started riding the lower band
-Price volatility was very high. The market moved ~13.54%, between $0.127 and $0.094
Today’s Trend analysis
-XLMUSD expected to see a downtrend as price got rejected from upper band with lower highs and riding the lower band
-Price at time of publishing: $0.0941
-XRP’s market cap: $1.95 Billion
-Oscillator indicators are mostly neutral. RSI at 41 in the neutral region.
-Moving average indicators are biased towards a downtrend. Ichimoku cloud indicating neutral
-Volume indicators saw an increase in the volume in the recent candles being below the 20-candle moving average
Price expected to see a downtrend as price got rejected from upper band with lower highs and riding the lower band. Most of the Oscillator indicators are neutral. MACD moving below the signal line, histogram size increasing in the negative direction. RSI at 41, still in the neutral region below the midline. CCI at -141, in the overbought region, indicating an uptrend. Another interesting point to notice here is that the volume saw an increase in the volume in the recent candles suggesting a strengthened selling pressure
----------------------------------------------------------------------------------------
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 .
----------------------------------------------------------------------------------------
If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
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