Overview
- XLM showing a low-risk entry with the potential to retest the previous high. Let's start from the top!
Price Chart
- Price is currently respecting the 50MA(yellow) if holds would've been a nice low-risk entry
- Position is marked on chart: Target $0.69, Stop loss at $0.566
- If BTC goes dumping XLM could drop further to $0.545 but with a stop loss you'll be safe from that
- Volume is starting to rise(see below for link)
RSI
- When I see the current RSI touch the line of the previous low, sometimes this leads to a nice breakout. As of now looks great and there's room to grow if the breakout occurs
Stoch
- Stoch value is screaming that it's time for another run with its low value of 41
Extra Info
- Learn about XLM here: www.stellar.org/
- XLM VOLUME: coinmarketcap.com/currencies/stellar/
If you enjoyed this analysis or learned something new, please LIKE this idea 👍
FOLLOW for important updates for this coin and helpful trading strategies 🏆
Would also like to know your thoughts! Remember this is not financial advice, however, it is an overview of what I am seeing in this coin's price action.
- Been working on a COMPLETE trading guide so stick around for when that'll be released! Currently has:
* OVER 70+ Basic/Advanced Trading Terms
* Trading Concepts to Help Jumpstart Your Trading For Any Experience Level
* TONS of Trading Patterns with Homemade Examples/Videos
* HUGE Range of Indicators That'll Teach You the Inner Workings AND How to Use Them to Boost Your Profits
-Happy Trading
MoneyGrind
- XLM showing a low-risk entry with the potential to retest the previous high. Let's start from the top!
Price Chart
- Price is currently respecting the 50MA(yellow) if holds would've been a nice low-risk entry
- Position is marked on chart: Target $0.69, Stop loss at $0.566
- If BTC goes dumping XLM could drop further to $0.545 but with a stop loss you'll be safe from that
- Volume is starting to rise(see below for link)
RSI
- When I see the current RSI touch the line of the previous low, sometimes this leads to a nice breakout. As of now looks great and there's room to grow if the breakout occurs
Stoch
- Stoch value is screaming that it's time for another run with its low value of 41
Extra Info
- Learn about XLM here: www.stellar.org/
- XLM VOLUME: coinmarketcap.com/currencies/stellar/
If you enjoyed this analysis or learned something new, please LIKE this idea 👍
FOLLOW for important updates for this coin and helpful trading strategies 🏆
Would also like to know your thoughts! Remember this is not financial advice, however, it is an overview of what I am seeing in this coin's price action.
- Been working on a COMPLETE trading guide so stick around for when that'll be released! Currently has:
* OVER 70+ Basic/Advanced Trading Terms
* Trading Concepts to Help Jumpstart Your Trading For Any Experience Level
* TONS of Trading Patterns with Homemade Examples/Videos
* HUGE Range of Indicators That'll Teach You the Inner Workings AND How to Use Them to Boost Your Profits
-Happy Trading
MoneyGrind
