obsidianram

A Breakout Lumen Ahead?

BITTREX:XLMUSD   Stellar Lumens
Take this chart as a general brainstorming of what may (or may not) be forthcoming for Rocketship Lumen. As the MACD indicates, we're looking at an indication of a positive turn-around just as the candle patterns are entering into the thin edge of the wedge. There's only one of two ways to go, and the MACD signal says it's up, not down. As for the prognostication lines, those are concerned more with price levels and not so much time frames ~ so pay little heed to the X-axis for those guesstimations. Using past performance as a guide, those are the levels I'm ballparking any movement at - give or take whatever buy/sell pressure ends up fudging the actual range to become. An interesting observation, BTW, is an apparent 15-day cycle XLM seems to have. Pull up a 4-hour chart on it, and check out the time between troughs or peaks, and it's roughly 2 weeks.
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