Xlm looks set to pump vs USD in the near future having broken out of the 2 year descending resistance line.
Conservative price target of $0.0923 with stop loss just below the 20 day moving average at around $0.0661.
If 50 day moving average broken can expect a pullback to the downward sloping trend-line, with previous resistance likely going to act as support, roughly around the 5 cent area.
Highlighted area of RSI also acts as key resistance and has indicated the top of a few recent moves.
Conservative price target of $0.0923 with stop loss just below the 20 day moving average at around $0.0661.
If 50 day moving average broken can expect a pullback to the downward sloping trend-line, with previous resistance likely going to act as support, roughly around the 5 cent area.
Highlighted area of RSI also acts as key resistance and has indicated the top of a few recent moves.