According to the Envelopes of 10&20 MAs the price for XLM/USD is going to rise. Recently we could observe the approach to the Support line of the Triangle and it happened to be reliable initiating the bounce of the price which is expected to go on.
. There is a possibility of temporary retracement to suggested support line (0.0706). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. XLMUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
Quick post to alert of the current KEY level.
Price just hit bottom bound of key resistance.
Likely to pullback a bit, but look for break out.
c 7.53-7.59 is the immediate resistance.
c 8.37-8.48 is the LIKELY target for wave 5
c 8.82-8.98 is quite achievable if strong bull.
can be seen in the early days of XLM that a symmetrical triangle formed, likewise with XRP, however XRP produced large gains while XLM slumped
Will this triangle action influence future moonshots for the pair?
XLM has formed a bullflag above the wedge
I am long XRP :D
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0.07239684 point, you need to make sure you can rise above 1W 50EMA.
You should also check if you can rise above the uptrend line (1).
If it falls, it must be...
XLM/USD has been caught within a descending wedge (bullish) for a bit over a year now. With Black Thursday's crash, bears really overextended themselves and even managed to temporarily break this wedge's support. However, a quick rebound helped regain the validity of the support. Since bears overextended themselves and were rejected, XLM/USD...
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A very clean structure sighted on Stellar and we have a bull leg above the current trend, A confirmation with a possible breakout may support a push towards recent highs. Sketch up your own trade...
This chart is XLM related and it should point out the buy/sell interest. (Classic market cycle)
It is very simple ...
At the beggining when the price went sideways (2016-2017) there were no sellers and Interest increased
It was followed by massive pump where most sellers appeared and took their profits.
The sell interest increased massively and buy...
XLM/USD holding bullish trend towards 0.0800$ Resistance, if BTCUSD holding Bullish trend also then we can see 2nd Resistance 0.012$
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