I like XLM's setup here. The price action is in a large falling wedge that is nearly completed as it hits support. This looks like a prime opportunity for the price to break to the upside. I'm long here.
i am not bullish or bearish but if btc runs to 16541 xlm goes 31 cents and retraces vs btc to make a head and shoulder again while btc goin 20 k xlm wont move which is what it did in 2016 went to 3.1 and btc went to 1156 xlm didnt move. and it goes 20 percent down vs btc while btc goin 20 k and retrace 10 12 percent that would take it to 25 cents xlm while btc...
This is self-explanatory extended idea of previous XLM calls / reopening
XLM seems slightly bullish to me thanks to this bullish divergence on MFI and RSI.
Targets and setup in the TA.
Feel free to ask in comments.
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Xlm dropped lower than I antipicated in a previous idea. However, I’m doubling down on this altcoin. This structure has accumulation written all over it.
First vertical line indicates AR.
Last vertical line indicates Spring.
Horizontal line indicates SC.
Exchange : Binance
Buy Zone: 0.0000078 ~ 0.0000075
Target Point: 0.0000081/ 0.0000084/ 0.0000088/ 0.0000094/ 0.00001
You should be careful in buying XLMBTC because of Bitcoin
It`s moving at Falling Wedge
The Chart and RSI are similar
It`ll touch at bottom of Falling Wedge and support Long...
- The fourth impulse wave seems nearly done.
- If there isn't a wave failure, the fifth impulse wave will produce higher lows and higher highs, thus a complete reversal and change in the trend is possible.
- Trade carefully.
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