The key for this post is included on the chart. I focused on the 150/200 SMA, RSI and a measured projection based on previous upward movement we've seen in the past. The target is set at .73 cents, however this does depend on weather or not BTC can remain steady for us. This chart was done using the daily time frame and outlines the ascending channel we have been inside of. I believe we're going to continue inside of this channel and though we have seen some red days, we had a nice bounce up off the bottom trend line and have since centered out. If this idea is invalidated and we do break downwards, I expect us to continue to hold this channel. Keep that in mind when setting up buy orders.
We all know the fundamentals of this coin, the price ranges we've been seeing aren't as low as they used to be however it's still one hell of a bargain!
**DISCLAIMER** I am NOT a financial advisor and this is NOT financial advise. Investing in this market can be extremely risky and I must insist that you DYOR and refrain from investing funds that cannot be easily replaced.
I am posting this idea publicly for feedback so please like, comment and follow!
@BigLava, Thank you for taking the time to check it out!
VajraV
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Problem is BTC looks to not be done sliding. 36k is on the table by third week of March. This is only in comparison to prior pullbacks during the prior bulls. If Xlm is decoupled enough it may not affect it. Fingers crossed! Cause when BTC finishes she’s headed to 64k then 80k’ish. So regardless XLM is gonna be great!!!!!
neojeeoh2
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This is great - I learned a lot and really appreciate the solid TA you're publicly providing
WhiteJesus
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@neojeeoh2, thank you! I’m going to continue to post for free. Please follow