Last 5 times we got this signal, XLM pumped

By raven | Investment | 2 weeks ago

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In the last article about XLM, we have seen that XLM might be going up a in parabolic path. For now, the price is slightly under the parabola, but we will confirm this in the next days (whether the price will bounce up the line again).

What I want to show in this short article is something I just spotted on the XLM/USD 4h chart. It is very hard to get reliable signals in technical analysis. Sometimes things go as expected, sometimes not. But look at the MACD in this chart:

351665157-e8eaaa77d30aecabc05f14d894a1701480cf62ef60a9d65c5fbc0a8035f0eaee.png

XLM/USD 4h chart and bullish MACD

Basically, the last 5 times that the MACD crossed bullish in the 4h chart, we have got from 12% to 27% increase in XLM's price. This would also put XLM back in the parabolic trajectory.

351665157-e34d9e700716cb0bf0a39b4042fe152d9793e868f319d13660edf609ae3a7fd6.png

XLM on parabolic run?

Let's see how it turns out, and let me know what you guys think about this: is XLM really on a bull run?


raven
raven

I've heard of bitcoin a long time ago, but only recently I became interested in investment in general, which brought me to the world of cryptocurrencies. I am also interested in learning to develop blockchain applications.


Investment
Investment

In this blog I will talk mainly about cryptocurrencies and other forms of investment. The intention is to share and discuss ideas, so do not take any of this as investment advice.

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