XLM had an amazing move up with Ripple last week and continues to mirror its moves so far this week. It is currently below the supply zone and FIB level, which is causing some resistance and we could see a move back down to the demand zone + breakout level around 3542.
MACD histo is near going positive but looks like it has stalled as well as signal line turning down again. RSI seems to be turning down but still has room above to hit resistance if we could find some momentum to the upside. For a long play, wait for a test of the demand zone to enter a trade as a break down from there could lead to a move down to the initial breakout around 3319.
Thanks guys!
MACD histo is near going positive but looks like it has stalled as well as signal line turning down again. RSI seems to be turning down but still has room above to hit resistance if we could find some momentum to the upside. For a long play, wait for a test of the demand zone to enter a trade as a break down from there could lead to a move down to the initial breakout around 3319.
Thanks guys!