XLM/USD - Another attempt at resistance. PAMP to follow? ðĪ
XLM is getting ready to try another break of the resistance at 42 cents.
If this is successful, XLM can enter a nice rally to take us much higher and hopefully back towards the all time high at $0.92.
The lower timeframe indicators are bullish and a retest is imminent, if that translates into bullishness on higher timeframes like daily, then XLM can run!
XLM has also formed a nice ascending triangle in blue which is a bullish formation most of the time, particularly in a bullish market. :)
Bias --- BULLISH. :D
We should break away from this triangle eventually. Stay tuned!
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If this is successful, XLM can enter a nice rally to take us much higher and hopefully back towards the all time high at $0.92.
The lower timeframe indicators are bullish and a retest is imminent, if that translates into bullishness on higher timeframes like daily, then XLM can run!
XLM has also formed a nice ascending triangle in blue which is a bullish formation most of the time, particularly in a bullish market. :)
Bias --- BULLISH. :D
We should break away from this triangle eventually. Stay tuned!
Like and follow fi you liked this idea!
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