Dear followers,
It's a long time ago... Let's analyse a coin that I have for the long-term. What we see are huge gains for Stellar today. What can we expect coming months?
Personally, I think that after a months of consilidation we are ready for a new bull market for crypto in general and I expect that XLM will be one of the biggest gainers in this bullmarket.
Analysis:
XLM broke out it's descending triangle and the macd gives a positive signal as well. XLM formed a very strong support zone (buy zone) and it might be possible that we will test it one more time. If so, this is a great chance to buy XLM. We need a close above the purple resistance level to receive bullish confirmation. As soon as that happens we we will reach our first target and after a backtest our second target.
Buy: Now, after a close with a daily candle above the purple resistance level or if we test the buyzone one more time.
Sell: If we close with a daily candle below the buyzone
Targets:
Target 1: 0.34
Target 2: 0.457
Target 3: 0.616
The blue arrows are the possible scenarios.
Happy trading and good luck!
Don't hesistate to ask me questions.
It's a long time ago... Let's analyse a coin that I have for the long-term. What we see are huge gains for Stellar today. What can we expect coming months?
Personally, I think that after a months of consilidation we are ready for a new bull market for crypto in general and I expect that XLM will be one of the biggest gainers in this bullmarket.
Analysis:
XLM broke out it's descending triangle and the macd gives a positive signal as well. XLM formed a very strong support zone (buy zone) and it might be possible that we will test it one more time. If so, this is a great chance to buy XLM. We need a close above the purple resistance level to receive bullish confirmation. As soon as that happens we we will reach our first target and after a backtest our second target.
Buy: Now, after a close with a daily candle above the purple resistance level or if we test the buyzone one more time.
Sell: If we close with a daily candle below the buyzone
Targets:
Target 1: 0.34
Target 2: 0.457
Target 3: 0.616
The blue arrows are the possible scenarios.
Happy trading and good luck!
Don't hesistate to ask me questions.
