Ayer

XLMUSD - 1W - Stellar in a huge channel

Long
BINANCE:XLMUSD   Stellar / US Dollar (calculated by TradingView)
Hi guys,

Short review of Stellar ( XLM ) with a weelky TF.

We can notice Stellar is still evolving in his big ascending channel (blue).
We had several points of contact both at the top and at the bottom of the channel.

I'll be watching this one.

If BTC remains "calm" we can expect a further growth inside the channel.
First stop will be the former "double top" at 0.71$
After, i'll be watching for the top of the channel (red area ... depending on the time to achieve it)

Those are two zones of TP but if we broke the previous top, we could also see a kind of massive cup and handle that could send price to the moon.

Finally, RSI made a lower low while price made a higher low.

Like if you share this pov

NFA