An inverse head and shoulders formed during the end of June. XLM brokeout on July 1st and the price topped out at just over 3300 satoshi. Since then we have had a pullback and a double bottom at 3034 satoshi.
This has now formed another bullish indicator, the cup and handle. The handle breakout has occurred and the volume is increasing.
Let's look at the indicators.
RSI: Rising bottom since June 24th
MACD: Crossed over and turning up
My trading strategy targets for XLM on Bittrex and Binance as posted on my Discord group:
Buy up to: 3225
T1: 3387
T2: 3548
T3: 3710
SL: 2910
Daily volume: 1930 BTC
Your comments, agrees and disagrees are always welcome and appreciated.
Thanks for stopping by and have a great day!
This has now formed another bullish indicator, the cup and handle. The handle breakout has occurred and the volume is increasing.
Let's look at the indicators.
RSI: Rising bottom since June 24th
MACD: Crossed over and turning up
My trading strategy targets for XLM on Bittrex and Binance as posted on my Discord group:
Buy up to: 3225
T1: 3387
T2: 3548
T3: 3710
SL: 2910
Daily volume: 1930 BTC
Your comments, agrees and disagrees are always welcome and appreciated.
Thanks for stopping by and have a great day!
Comment:
Target 1 reached
