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PolarHusk
Sep 16, 2020 1:57 PM

XLM/BTC (Back Inside Consolidation Channel) 

Stellar / BitcoinBinance

Description

BINANCE: XLMBTC

-Stellar coin is back inside the horizontal consolidation channel
-It is also trading at the midline support zone
-The middle area is a confluence of previous support and resistance
-If XLM can hold this level for at least 1-2 weeks
-There is a big chance it will try to retest the upper horizontal resistance
-Or even break higher to retest the recent swing top price




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Comments
LimaVictorMike
A week has past. What's your opinion about the current price range?
PolarHusk
@LimaVictorMike, no major move, I expect few more days of consolidation to try a build a base of support.
jojofang0901
Nice analysis, thx for sharing.
PolarHusk
@jojofang0901, welcome :)
Saeed966
Good work
PolarHusk
@Saeed966, thank u!
InkyGrip
nice chart! thanks! 🦐
PolarHusk
@plancton0618, thanks too :)
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