Hey, I am back with another Trade Idea.
This time looking at Stellar Lumens XLM.
Stellar is pretty great project, some people says it can surpass Ripple, because it has few similarities.
Mkay, taking look at chart I can see there is a Cup and Handle pattern that can lead to a breakout.
There is a strong support at 3,650 sat where we can see strong bounce upwards, but it can break even sooner at 4,000 sat.
Taking look at Indicators.
MACD looks pretty great, fewer buyers now and more sellers incoming which is good for now.
RSI has broken trough 70 which is good, but I think it can fall at 55 from where it can bounce once or even twice forming double bottom.
Hope I made your view on whats going on with Stellar somehow clearer.
If you like this TA let me know in the comments, Likes are aprreciated, Thanks !
If this gets a little bit of attention, I will update!
This time looking at Stellar Lumens XLM.
Stellar is pretty great project, some people says it can surpass Ripple, because it has few similarities.
Mkay, taking look at chart I can see there is a Cup and Handle pattern that can lead to a breakout.
There is a strong support at 3,650 sat where we can see strong bounce upwards, but it can break even sooner at 4,000 sat.
Taking look at Indicators.
MACD looks pretty great, fewer buyers now and more sellers incoming which is good for now.
RSI has broken trough 70 which is good, but I think it can fall at 55 from where it can bounce once or even twice forming double bottom.
Hope I made your view on whats going on with Stellar somehow clearer.
If you like this TA let me know in the comments, Likes are aprreciated, Thanks !
If this gets a little bit of attention, I will update!
Comment:
Dont miss the train!
Comment:
Cup and Handle completed, waiting for a breakout.