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22 November 2019 XLM/USD – Weekly

 
22 November 2019 XLM/USD – Weekly
Breaking News / Stellar / Fiat

In this Weekly chart of Stellar/ United States dollar (XLM/USD), there is an appreciating range from 0.052201 to .0900.

We can see the price depreciated and then appreciated to the .08265 level (identified by the red down arrow), just above the .081079 level, representing the 23.6% retracement of the appreciating range.

We can see the price then depreciated below the .06664 level (identified by the first blue up arrow), representing the 61.8% retracement of the appreciating range.  

We can see the price is approaching the .061122 level (identified by the second blue up arrow), representing the 76.4% retracement of the appreciating range.  

Using RSI, we can see the slope of RSI (14) decreased during the bar when the price appreciated to the 0.08265 level, indicating a downturn was possible. This was further confirmed when the slope of RSI Average (3) turned negative and when RSI Average (3) bearishly crossed above RSI (14).


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