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CKTradeIdeas
Nov 20, 2021 3:55 PM

XLMUSD STELLAR LONG Long

Stellar / United States DollarCoinbase

Description

Idea: Long position on XLMUSD. Weekly chart showing nice test of ascending strend line, price is getting squeezed upwards towards the 0.40 level. The weekly candle has also wicked close to the 50 SMA and had nice reaction. Hoping trading volume picks up, price breaks 0.40 and bullish move continues to previous ATH region of 0.60.

Comment

Waiting for weekly close of candle on sunday evening for confirmation of Long entry to 0.60.
Comments
antempire4
ATH IS 1.00
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