Currently, it can experience growth up to 0.47 if the 4-hour downtrend ceiling breaks, but depending on the chart behavior, it can experience a downtrend in the range of 0.2 to 0.22, and if the downtrend continues, the next support range 0.094 to 0.103.
To rise in price and get rid of the resistance areas ahead, it must have a strong and successful break above the...
XLM in daily candles are showing us a cup and handle pattern, where their target is at approximately $ 0.56 which represents a 61.80% fibo of the corrective trend.
If Bitcoin stays bullish, it can give the market the push it needs for XLM to hit $ 0.80 again.
There is a Trading Signal to Buy in XLMBTC
Traders can open their Buy Trades NOW
Rank : ⭐️
⬆️Buy now or Buy on 0.00000685
⭕️SL : Close below 0.00000640
🔵TP1 @ 0.00000850
🔵TP2 @ 0.00001150
🔵TP3 @ 0.00001500
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Trying to count XLM is increasingly complex b c I would dare to say (probably b c I love XLM) that if XLM was a stock it would give BTC the middle finger and just pump now. But because the market is under such pressure I imagine that wont be the case, so I present 2 possible scenarios .
The price is in an uptrend and has been making HLs. it seems that it's at the pullback area now and it's expected to go higher from here at least up to 0.00001481
SL @ 0.00000953 or at Support Breakout
TP1 @ @ 0.00001481
TP2 @ 0.00002015
Things to Note:
1. Bullish Market Structure- Printing HH and HL
2. Price forming an Ascending triangle pattern
3. Following a rough uptrend line
4. Volume is low atm but it should expand at the BO
P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk
XLM/BTC ratio is either going to break out largely to the upside or remain stubbornly low in the low level megaphone pattern.
Large asymmetric trade here, especially if the bitcoin price remains as high as it is.