XLM weekly chart looks very good. Bullish breakout is imminent.

XLM gave a green 1 according to Tom Demark count on the weekly chart. Stoch RSI is oversold on the weekly chart and MA7 level is broken. On the daily chart we have closed yesterday with a green 2 which is a clear buy signal. I expect a bullish breakout. First big resistance will be at weekly MA100 level which passes at: 2521. If it can break that level I expect the price continue to increase. You can find resistance and support levels on the chart.

Here is my trading idea:

Buy @ 2380-2410 TP1: 2500 TP2: 2700 SL: 2050


***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***

Comment:

TP1 is reached.

Comment:

TP2 is reached.

Trade closed: target reached