rodrader

XLM Next target 0.45!

Long
KRAKEN:XLMUSD   Lumen
I have predicted before that XLM will reach 0.4 and it well did. The price action has been respecting an upward channel for the last months. Next potential target now is 0.45$. The price action broke through the median channel and through a strong resistance zone which can act as a support if the candle closes above it. After that we can expect a pullback to 50% level of Fibonacci (a previous resistance 0.35-0.36$) before going bullish towards 0.45$. The 21 EMA has been acting as a good dynamic support since 21 January and moving averages in general are well spread and going long.

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