XLMUSD to see an uptrend(1D) | Price trading in the Upeer half

Market in last 1 week
-XLMUSD saw a sideways movement as the price increased and decreased thereafter
-Price volatility was very high. The market moved ~21.39%, between $0.119 and $0.099

Today’s Trend analysis
-XLMUSD expected to see an uptrend as price is trading between the upper band and the midline Bollinger band
-Price at time of publishing: $0.1048
-XRP’s market cap: $2.16 Billion
-Oscillator indicators are mostly neutral. RSI at 51 in the neutral region.
-Moving average indicators are biased towards an uptrend. Ichimoku cloud indicating neutral
-Volume indicators saw a decrease in the volume in the recent candles indicating a weak selling pressure

Price expected to see an uptrend as price is trading between the upper band and the midline Bollinger band. Most of the Oscillator indicators are neutral. MACD crosssed below the signal line, histogram size increasing in the negative direction. RSI at 51, still in the neutral region above the midline. CCI at -2, in the neutral region, with an up move in the last few candles. Another interesting point to notice here is that the volume had decreased once the price started to fall.
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 1 D candles.

DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion.

Note: Above analysis would hold true if we do not encounter sudden jump in trade volume .

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- Mudrex
Technical IndicatorsOscillatorsSTELLARstellarforecaststellarpriceTrend AnalysisXLMUSD

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