XLM is on the verge of breaking out of the bullish triangle. With all large caps seeing strong momentum, this could only be the start for XLM.
I've marked two areas of potential resistance on the chart, R1 and R2. For now, these areas are our main targets for the current trade.
XLM broke down from it's ascending triangle when ETH was rejected from its ATH level. At that point, most of the market pushed lower, including XLM.
The question is now if this bearish move will gather momentum to push us towards lower levels as indicated on the chart. On daily XLM is looking rather bearish, so we need to wait to see if the support at $0.30...
xlm is already trending coin, after touching supply zone it rejected but soon it discovered demand zone and very well sustaining the level finally today its breaking upwards.
worth investing in pullback
On Coin market cap their are 100 percent positive indicators showing a strong buy over all. Ethereum Is breaking free from It's intense affinity from BTC. It's position Itself to take over as number one coin by market cap. As Polkadot Is looking to kill ETH knocking It two the number three spot. While ETH just surpassed BTC's market cap briefly for the first...
Price is still looking bullish here with an inversed head and shoulder so far showing a shift in demand. A break of 0.3200 could confirm a move higher and bullish momentum with +45% up to 0.4300
I am looking at is XLMUSD crypto as BTC is getting sold and profits redistributed in altcoins.
so we see a wave followed by a bullish pennant which is a continuation pattern and we hit our Fibonacci extension level as you see RSI is over bought in weekly and we see a divergence in it so im expecting to see a correction to 1.618 of extension before any continuation to the upside also macd histogram shows that we are losing momentum and it give us a signal
I agree with a lot of the ideas that have been out about the inverse head and shoulders. It seems to be playing out! If we break the green line around .33 cent(neck line) it should prove confirmation of the price breakout toward the upside.( and may reach .42 cent plus levels.) Good luck!