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TitoKnowsBest
May 12, 2021 6:34 AM

XLM/USD Rejected 2 times as breakout imminent  Long

Stellar / United States DollarCoinbase

Description

XLM vs USD chart from Coinbase data is being rejected here already 2 times by the 0.786 FIB, indicating that for the moment we are not going higher, ideally, we want to see a very nice and clean breakout above the 786 fib line, and a nice either Daily or 12H candle close above the 0.786 fib line in order to indicate some strong incentive for a push to a new All time high, considering we are in the type or rotation phase happening at the moment with coins like EOS/ETC, and others along with the garbage meme coins taking off, it is only a matter of time this does not go unnoticed by traders.

I am long on XLM on the breakout occurs. This is not financial advice. To de moon. :))
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