TheMagpie

4100 resistance is key for XLM. Wait for opportunity to buy.

BITFINEX:XLMBTC   XLM / Bitcoin
The 4100 is proving a tough resistance to crack. I expect to see us falling back before a retest of the 4100 area. A bounce off this again would confirm a triple top for me and I would take this opportunity to sell. Buy in the 3800-3900 range and below (if possible).
Comment: Hit the .00004000 mark, not far to go until we reach buy zone. Keep an eye out.
Comment:
Trade closed: target reached: Target reached at .00003968.

Comments

As you can see here we've touched on the .00004000 mark. Expect to drop a little further into the buy zone.

https://i.imgur.com/9X4MPtB.png
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TheMagpie TheMagpie
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where do you see it going on a breakout above this area ?
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TheMagpie silverback79
@silverback79, 4500 would be ideal but your guess is as good as mine. With news of Stellar being listed on Coinbase soon I see 4500 as a good target in the short term. A lot depends on BTC and how it performs in the coming weeks.
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silverback79 TheMagpie
@TheMagpie, Im under the belief that Stellar will dislodge itself from BTC all together. XLM isnt even a blockchain - it has zero to do with Bitcoin. Replacing Swift..... doesnt care what BTC does really.
Exponential growth is still ahead for XLM imo.
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TheMagpie silverback79
@silverback79, I agree with what you sad say. I still believe we are still tied to BTC though, the decoupling hasn't been realised yet completely.
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