MachiavelliTrader

XLM Stellar is BOTTOMING FINALLY? (ALT CRYPTOS IN PLAY )

Long
BINANCE:XLMUSDT   Stellar / TetherUS
Hello friends, It’s time to load up the Stellar BAG as her money printer is about to recover and start printing greens

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As you all know one of the top Alt cryptocurrency known as Stellar ( XLM ) reached an all-time high of $0.938144 USD on January 04, 2018. But has dropped from top 10 to 20 Alt since then ,
this week though, finally a sign on the daily chart shows that the bottom is calling stellar in.

But does that mean that are we about to catch the bottom?
the chart answered that very clearing and also shows where stellar is liking heading to for a while.


PATTERN DISCOVERED;

Broadening Bottom
chart shows that we have a MACD signal cross on the Daily chart just took place recently a good signal confirmation for XML LONG ENTRY SET UP:

(HIGH RISK SETUP)
ENTRY : 0.078
STOP : 0.058
FIRST TARGET 0.16
SECOND TARGET 0.2

(LOW RISK SETUP)
Less Risky Long Entry Zone :
Enter when a price bar closes outside the pattern in the direction of the breakout followed by a close above the breakout candle, I guess this will be somewhere around the 0.085 to 0.09 zone.
ENTRY : 0.09
STOP : 0.058
Target : 0.8
(This Idea is on a daily chart , so I expect this to be in play for a week or more)


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