XLM will bounce off support to go long... but which support?
Stellar Lumens / XLMBTC has a bearish divergence showing and we can see that it might fall a little bit in the short run.
However, we have 3 supports and a trendline support that we can see that might hold the little up streak. From current to Support Line 3 is about a 20% drop, which in my opinion is not likely (but who knows).
For me, the most likely scenario is Possibility #2 and Possibility #1 as it will be healthily be bouncing inside the ascending channel.
*NOTE* : the green lines signaling up trend doesn't show stop points. it is just to indicate that there will be an uptrend. Thank you.
However, we have 3 supports and a trendline support that we can see that might hold the little up streak. From current to Support Line 3 is about a 20% drop, which in my opinion is not likely (but who knows).
For me, the most likely scenario is Possibility #2 and Possibility #1 as it will be healthily be bouncing inside the ascending channel.
*NOTE* : the green lines signaling up trend doesn't show stop points. it is just to indicate that there will be an uptrend. Thank you.
Comment:
It got to the possibility #2 and had a small bounce back. Will this be it or will it go to possibility #3 (support 3)