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
If you enjoyed this analysis or learned something new, please LIKE this idea š FOLLOW for important updates for this coin and helpful trading strategies š
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
-1Hr doesn't look to bad
- Could be making channels on the way up, would be nice if the next channel had a top around $0.75
- RSI also has a nice bounce area as the 4hr does
- Stoch looks nice too
Have to look BTC and XRP too because
XLM cant do nothing its own atm.
WGauger
ā
@FlowersFor Doge could have made us millionaires already. Iām so sick of this XLM garbage
MoneyGrind
ā
@WGauger have you been invested in it for awhile? I'm a big holder on OXT so I know all about disappoint while everything else is pumping. Doge is a meme that the more people laugh at the more people buy it. Stuff like that is rare
WGauger
ā
@MoneyGrind I jumped in around .233. I was all in on XRP until the SEC crap happened.
MoneyGrind
ā
@WGauger, Had a big bag of XRP too before the sec stuff happened. Got rid of it because I knew I'd be able to regain the losses from other coins instead of waiting that whole time it was down
Looking for entry now..