First, prices stopped just at MA200, which was a strong resistance now turned support.
This level has been tested and prices are moving up.
XLMBTC is now also trading above EMA10 and EMA50.
The same level/price where MA200 lands on is also the 0.618 Fib. retracement level for the last wave, this is normally a strong reversal level.
Prices can go lower and hit 0.786 Fib. but if the market sentiment is turning really the reversal can happen sooner.
The arrows on the chart represent the main two scenarios I consider possible right now.
I share the only and not the because the trend and tendency of the chart are .
If the chart were I would show the scenario but still remain open to the other possibilities, in order to be prepared with defined steps on which actions to take when a certain event happens rather than trying to guess what to do on the spot... Always prepare beforehand.