What's up trader's, investor's ,moonboyz and the lazy rednecks who buy crypto with there unemployment check's! Here is an update on XLM! As of now, we are in a nice healthy bull trend! For how much longer, it's hard to say! We were $.02 away from hitting the .382 fibonacci level from our swing high of $.80 to our swing low of $.20. We formed an ascending wedge, just like bitcoin and broke out to the downside. I meant to put this analysis up yesterday, but I was banned for 24 hours here on tradingview... Go figure. I opened up a short at $.38.5 and I'm looking to hit my target at around $.34. At that point, there will be a great opportunity to go long up to $.425 or even higher. As this trend continues, we will hit a strong resistance at $.46 and $.48. I chose to short this, but that doesn't mean you have to. If your long right now, than I would say your in good shape and you should hold your long until we hit some higher targets within the next 2 weeks. If your looking to enter Xlm, you could easily enter now or wait and see if we hit my target. This is just an idea and not financial advice. Good luck everyone and happy trading!
Comment
⋅
Target hit to precision!! Trade closed $3700 profit which will be gas money for the boats for the rest of the summer! I will be looking to long if the .50 holds, which I’m thinking it should!
Comment
⋅
Gonna ride the same trade in the opposite direction. I opened up a long of 84,000 Xlm at $.343. Stop loss set at $.336. Wish me luck guys!!