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angela_altair

XLMUSDT pullback to daily support for attempt at monthly resist

Long
Stellar / TetherUS (BINANCE:XLMUSDT)  
angela_altair  
BINANCE:XLMUSDT   Stellar / TetherUS
Trend Analysis Chart Patterns Technical Indicators XLM xlmusdt xlmusdtlong xlmusdtbuy xlmusdtanalysis xlmusdtidea xlmusdttrade xlmusdtechnicalanalysis
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trendanalysis chartpattern indicator xlm xlmusdt xlmusdtlong xlmusdtbuy xlmusdtanalysis xlmusdtidea xlmusdttrade xlmusdtechnicalanalysis
The price is currently trading below a confluence of monthly and weekly resistance. It had an attempt to break this resistance a few months back but could not succeed and it fell back to the weekly support again. That support provided the strength and the price bounced again to that confluence of resistance. The price is again facing pull back from that resistance zone MR1+WR1. I believe that pullback will make the price land on daily support DS1 and will bounce from there. I expect the price to attempt at the MR1+WR1 zone again from the bounce from DS1. Lets see if it can break this. In case it does, the next target shall be monthly resistance MR2 which is sitting around 0.197-0.229. The price may struggle for a while around 0.145 on its way to MR2 in case it breaks the MR1 resistance.
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