Kainp

Stellar Lumens XLM:BTC Analysis, LONG (Bullish w/ Caveats)

Long
KRAKEN:XLMBTC   Lumen / Bitcoin
XLM currently in an interesting position following a long-term trend of higher lows and a short-term trend of lower highs.

However, the mid-term trend is still higher highs with the start of a correction after an extended fall from ATHs. Combined with the fact that the long-term support trendline of higher lows has been tested many more times and held consistently, I'm reasonably confident in taking a bullish stance.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.