BINANCE:XLMBTC   Stellar / Bitcoin

As you see XLM is at the bottom of its channel. I'm sure if BTC won't fall (which is the question that has no answer), than Stellar will fly to the upper channel. It means even if it makes half, it will be 20%, but if it makes it to the top, than over 50%. Bad thing is that it is under main volume accumulation area which is resistance now, and in case it won't get over XLM will crash to 1700 (over 40%). That is why always use stop loss.

I'm not bullish or bearish for XLM. I'm just seeing possibilities. And I will try to get maximum out of it with my SL safely covering my back.

FREE telegram channels:
Crypto reviews - t.me/WiseAnalyze
Crypto chat - t.me/WiseAnalyzeChat
Crypto watchlist - t.me/WiseAnalyzeDCA
Forex/Stocks - t.me/WiseForex
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.