XLMUSD - 4H - Hidden bullish Divergence

NOT A FINANCIAL ADVISOR!

I am expecting XLMUSD to head higher due to a Hidden Bullish divergence on the RSI.

Awaiting to see if it creates a higher high on the price or not! :)

Kommentera:

Interesting that it only retraced 50%!

Kommentera:

XLMUSD - 4H must decide here soon.
Either RSI Support+price support break down for a drop, or a further move higher...

I am more inclined for a drop unfortunately due to the double top price action and the Daily RSI.

Trade stängt: målet nått:

Am I selling? - regardless of my bearish opinion, not really! :)

Kommentera:

Actually, I am 50:50 here...I see a possibility for a Cup and Handle.
Creating a new idea and linking it to this one.