RandomOracle

XLM Logarithmic Trend Found

Long
CAPITALCOM:XLMUSD   Stellar / USD
CAPITALCOM:XLMUSD

2 major hurdles in the road for XLM currently:
- The logarithmic channel's midline, which was recently rejected last week
- The 0.618 fib just above the midline

This should prove quite difficult on the rise up past these areas.. However, if XLM manages to push past, we will see a move towards the ATH & reaching the 0.786 fib at $1.85 before any significant pullback
Comment: We've turned the 0.5 fib to support also!

Comments

Similar thoughts...All the best!!
+2 Reply
@abel11 Good potential long term, thanks for the feedback!
+1 Reply
Nice, I think it's gonna go for it! Thanks for sharing this idea.
+1 Reply
@jazerbay, It's looking ready to go!
+1 Reply
1X10^(-27) LM
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1X10^(-27) LM
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