PowderCroyt

XLM Not Looking So Stellar

Short
BINANCE:XLMBTC   Stellar / Bitcoin
Real tight trading channel here, so I am watching it like a hawk. If it drops below the 2500 sat area I would expect this to sit at the most recent support in the 2100 range. If it can stay above 2500 and punch through the line of resistance drawn then I would expect to see a possible run to the 3300 range. Will be monitoring this one over the next week or so. Based on the current 1 day MACD I am thinking this will take a dump like its 3 am on Saturday and it just finished eating Taco Bell.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.