BITTREX:XLMBTC   Lumen / Bitcoin
XLM has pulled back down to the long term weekly uptrend and found support. After being rejected at a 4 hour resistance level it has retraced back down to the trend line and formed a bullish engulfing candle right off the trend line . Finding some resistance already in this push, I expect it to head down and retest the weekly uptrend.
When it is back at this level I will be watching closely for a good entry after another bounce from the trend line .
The weekly uptrend line also forms the bottom of the large triangle formed between 2 weekly trend lines . This triangle has been respected at the top and bottom for quite some time so there could be good potential for a mid to long term hold on XLM .
Also could enter on the smaller time frames to catch a potential bounce off the trend line for a quick gain.
If XLM breaks down through the uptrend line, it is likely we will head down to 3k.
Comment: Well BTC acting a fool again has rekt this potential trade.
Dropping through the support and trend line before a bit of a rally.
Keeping a close eye on this but not entering for now.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out