XLM
Minausdt Testing Trend line In Daily Timeframe Incase Of Successful Breakout Expecting Test Of Major Trend line Between (0.97 - 1.02)
And If Major Trend Line Got Cleared Expecting Move Towards As A First Target Between (1.50 - 1.60)
And My Final Target For Midterm Will Be (3.20 - 3.50)
(Always Wait For Confirmed Breakout)
(Over All Moving Withen Ascending Broadening Wedge)
XLM. When bull began his run.An ascending channel with a possible short-term correction to $0.088 area, where an important level passes, which is likely to become a pivot point for the bull start if haven't already done so. Also, yesterday the price touched and bounced from moving average, indicating support and a likely uptrend continuation.
XLMLikely completed a HTF running Flat which is as follows :
Wave B extends beyond the start of wave A
Wave C finishes above the end of Wave A
Wave A must breakdown into 3 sub wave ABC
Wave B must Breakdown into 3 sub wave ABC
Wave C must subdivide into 5 waves (in the case of XLM an Ending diagonal)
the ending diagonal is a precursor to a strong reversal.
Likely the forever bottoms in around .06c & up only from now on, any dips will be eating up by the XLM bulls & Algos.
Pla breaks trendline Trend line Breakout And Retest Has Already Done Expecting Massive Bounce In Midterm
Expecting 150 to 160% bulish Move
#Stellar Retracing from $0.09, Swings Price Action to BearishPast Performance of Stellar
Stellar may be up 30 percent from December lows but is trapped below a critical resistance level, reading from the formation in the daily chart. Overall, traders are confident of what lies ahead. All the same, there must be a solid gain above December highs for trend continuation and confirmation.
#Stellar Technical Analysis
XLM prices have been solid from the past trading week. As it is, there is a double top at $0.09, a line that flashes with this week's highs and around the top of the consolidation of the last week of November. The lower lows registered from early this week are negative for bulls. While confidence in traders is because the correction is with lower volumes, XLM must hold above $0.08 or November 9 lows. Any breakout below this level may trigger a sell-off, pushing the coin toward $0.07. Conversely, gains above $0.09 may see XLM float to $1 or November 9 high, especially if the breakout has high trading volumes.
What to Expect from #XLM?
Bears are in a commanding position as long as XLM is within the bear-engulfing bars of early November. For trend definition and bears to shake off selling pressure, there must be a convincing break above this week's highs, confirming buyers of last week.
Resistance level to watch out for: $0.09
Support level to watch out for: $0.08
Disclaimer: Opinions expressed are not investment advice. Do your research.