DU09

XLM/USD - Shadowing Ripple, Stellar is moving towards $0.70!

Long
BINANCE:XLMUSDT   Stellar / TetherUS
Stellar is moving in sync with Ripple which broke a key resistance at $1.5 (below my XRP idea). I expect Stellar to continue on this ascent until it meets the key resistance at $0.70 which happens to coincide with XRP reaching $2.

Therefore, we should continue on the way up until we face the resistance, at which point we will need to re-assess the chart. Last time, XLM was pushed down from this resistance, will it happen again? Usually the second try was successful in this bull market for alts, so my bias is that we should pass the resistance and shoot up this time around.

The indicators on XLM are similar to XRP, overall bullish and daily is posed to give us a nice bullish signal once MACD crosses on the positive side.

Being long on XLM and XRP is a good bet, the only moment to be cautious is when we reach the resistance level as a rejection there may turn us back to support again.

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