Today, we find Stellar Lumens (XLM) in an excellent range of accumulation, days ago I am perceiving a sharp drop because the cryptomarket is going to bitcoin (I calculate that to do the recapitulation already). On the other hand, I have also received hundreds of millionaire withdrawals from Lumens from the exchanges to cold wallets (so yes, they are accumulating). After seeing all this, I intend to review the graph.
At first glance in the daily chart, we find the break of a large support (as happened with bitcoin) and is in an old support zone which started two explorations, then I can say that the third is soon, The idea is to buy in this area thinking in the long term, yes, the offer has arrived.
We can notice several issues that indicate the next movement
- 1-) a kind of pennant has been formed.
- 2-) There is a strong divergence in the rsi.
- 3-) there are strong divergences in the Macd.
3a) in the histogram.
3b) in the mobile means of the same.
- 4-) Soon I will cap the Adx.
Note: You can see my analysis better in the following link: https://www.tradingview.com/chart/XLMBTC/2d02SgDW-STELLAR-LUMENS-XLM-ACUMULATION/