Up Up and Away?!?!? XLMUSD

Hello Trading View Community,

One thing to note is RSI going into overbought zone and although XLMUSD is over the 0.236 Fib Level, it still needs to clear the rest of the local resistance zone.

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Trade active:

XLMUSD has pushed up 16.31% since our initial post. Most of the initial position has been closed, however I still have runners with stop loss currently at entry point. RSI continues to push further into overbought range but XLMUSD might have enough room to test 0.382 fib area and primary target zone before finally initiating a much needed correction phase.

Thank you guys for checking out this idea on XLMUSD . If you find this analysis useful, support with a simple "Like" or "Follow".

Trade carefully and remember these are just ideas, not trading advise.

Comment:

XLMUSD, as we pointed out during our previous analysis, RSI was fairly extended into the overbought zone but has since corrected back down as expected. Currently holding above the previous resistance area, XLMUSD should try and make another push up towards our target zone.

EMAs are curling upwards and until we have a clear cross over price may range for a bit. A failure to hold our newly stablished support zone should push price down towards 200 EMA (Red) range.

Thank you guys for checking out this idea on XLMUSD . If you find this analysis useful, support with a simple "Like" or "Follow".

Trade carefully and remember these are just ideas, not trading advise.