XLM - 4h. Now is a good time to test $0.19.

From November 26 in the XLM market continues to correct the strong growth.
Sellers have formed a clear channel of price movement. An attempt to break the lower trend line on December 24 ended with a big hairpin down at increased volumes.

In fact, since December 25, the price of XML has been falling sluggishly, looking for a strong foothold for a new local growth trend. Continuing its decline, it is likely that at $0.12 there will be strong buyers who will be able to turn the price.

The first target is $0.146. Global - $0.19. In the previous idea, we assumed that XML could replace XRP and entice investors.
Looking at the prospects of XRP - this is a very real scenario:

An alternative scenario is the test of $0.1. However, this requires a completely different mood in the market.
______________________________
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
Subscribe to us and get daily concise analytics!

Trade closed: target reached