Priceline of XLM / US Dollar cryptocurrency has formed a bullish Cypher pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 0.078361 to 0.077317
Sell between: 0.079354 to 0.081503
After the, let’s just day xlm halving :-). XLM has been on the up and is looking unstoppable. The stellar foundation seem to have tapped in to what traders want. The cyphers I hope is a continuation of this run.
Let’s see how it plays out, good luck
We can open buy position on 0.0717(red line)
In case we fall lower we can buy more xlm on 0.06808 (yellow line)
If we do fall to the yellow line it will create a beautifull triangle on the chart which will be bullish.
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XLMUSD gave us some crazy moves!!! What a spike upwards. Price was just a few stretches away from hitting our next target zone!! We are still bullish on this pair up until it hits our target.
XLM / USD TA
We have been observing arc like pattern for XLM for a while now. We also see points of extreme resistance in eight cent ranges which wasn't even broken upon 50% Supply burn.
At this point we will continue to keep a close eye on XLM with possible entry on strong and convincing resistance break which should be tested again this month.
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Many trades took place on November 1 and November 5.
The XLM breaks out of its historical downward trend line and ascends, touches the 200MA and is now located.
XLM's main view is not to approach 0.06260065 and fall within the downtrend line.
The inflection date of XLM is around November 15th.
An important goal is to keep prices from falling on this inflection...