XLM is repeating impulsive pattern from 2017. After creating accumulation range we got the breakout, formation of bull flag which tested top of accumulation range and we are now ready for last leg of this impulsive move. In 2017 last leg went equal meassured move target aka fibb 2.0 extension. Same move in current conditions will bring XLM price to 2$ range.
RSI also confirms this move. After hitting RSI overbought +90 level we got a pullback to middle 40 range - same move we did in 2017 before last leg up - this RSI also implicating one more push to RSI +90 overbought conditions and then big correction back to oversold conditions - if price will sit above diagonal resistance line at that moment that will be super bullish....
RSI also confirms this move. After hitting RSI overbought +90 level we got a pullback to middle 40 range - same move we did in 2017 before last leg up - this RSI also implicating one more push to RSI +90 overbought conditions and then big correction back to oversold conditions - if price will sit above diagonal resistance line at that moment that will be super bullish....
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.