XLM preparing for major uptake?
In this pre-bed time post I have tried to keep it simple:
--> The MACD is showing a bullish reversal is pending, looks like it’s going to a strong golden cross.
--> The CCI shows “oversold-ness” and is edging upward
--> The graph itself shows that the Fibonacci 61,8 is already a strong support, together with the underlying trendline. Price has been bouncing back and forth from that line. Moreover, the last couple of days, price has been consolidating at these levels.
--> Given the bullishness in the MACD and the support levels that are still intact, I think we can reasonably expecting a bullish boost somewhere soon.
--> In the mean time, note that if it would fall through, the next level would be the 78,6 retracement at around 0,00028387.
--> But everything is pointing to further upward movement, with the 0,5 level at 0,00056031 as a first major resistance level to overcome.
Feel free to draw an Elliot Wave analysis on it ;-)
Sweet dreamzzz
--> The MACD is showing a bullish reversal is pending, looks like it’s going to a strong golden cross.
--> The CCI shows “oversold-ness” and is edging upward
--> The graph itself shows that the Fibonacci 61,8 is already a strong support, together with the underlying trendline. Price has been bouncing back and forth from that line. Moreover, the last couple of days, price has been consolidating at these levels.
--> Given the bullishness in the MACD and the support levels that are still intact, I think we can reasonably expecting a bullish boost somewhere soon.
--> In the mean time, note that if it would fall through, the next level would be the 78,6 retracement at around 0,00028387.
--> But everything is pointing to further upward movement, with the 0,5 level at 0,00056031 as a first major resistance level to overcome.
Feel free to draw an Elliot Wave analysis on it ;-)
Sweet dreamzzz
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Fibonacci 50 resistance being tested now!
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Important remark: less than 5 minutes ago, Stellar published its 2018 roadmap, you can find it here: www.stellar.org/blog...018-Stellar-Roadmap/
It looks a bit underwhelming though, what do you think? It might have negative impact on the price so keep that in mind!
It looks a bit underwhelming though, what do you think? It might have negative impact on the price so keep that in mind!
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It might have at least a short term depressing impact on the price.
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Cf. my next post on how this trade was closed an is now opened again, ready for a next upward move:
Daily: MACD approaching Bullish cross
4 hourly: triggered us to buy BEFORE the daily cross, realising a nice gain already!