It seems that BTC has knocked some fins out of most alts, less so with XLM. But there are still multiple plays on the table.
Version 1 is that we push through the 0.08900 resistance. Version 2 we fall through first support at 0.07770 level and there we bounce back up again. Eventually Fib 0.618 should act as the strongest support here and if that holds, then the next leg up has a strong momentum to push beyond 0.09000.
Version 1 is that we push through the 0.08900 resistance. Version 2 we fall through first support at 0.07770 level and there we bounce back up again. Eventually Fib 0.618 should act as the strongest support here and if that holds, then the next leg up has a strong momentum to push beyond 0.09000.
Trade active:
I went short at 0,07110, as I saw that price didn't seem to move away from that 0.618 fibo line. And soon enough it broke through. Right now the 200MA is acting as a strong support line when looking at 1h chart. 200MA is at 0,06700 price line.
So the price may move sideways little bit, under the 0.618 fib line, but then it has to decide, if it goes up or further down (depends what BTC price does).
So the price may move sideways little bit, under the 0.618 fib line, but then it has to decide, if it goes up or further down (depends what BTC price does).