stmstratum

XLM (Stellar) - The 4th attempt. Will it succeed this time?

BINANCE:XLMBTC   Stellar / Bitcoin
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Naked View with S/R and Supply/Demand #
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  • First failed attempt to break Supply Zone(18/07/2019)

  • Second failed attempt(s) to break Supply Zone(XX/09/2019)

  • Third failed attempt to break Supply Zone(28/04/2020)

  • If the fourth push works as anticipated and breaks the Supply Zone and retest the top of the channel, we can expect a push to the top with a 64% move.
(The Pink trendline is an extended trend line from the top. It could be an invalid one, but supporting this scenario)

This scenario depends on the action of BTC around the halving time period. This scenario will be invalidated, if the intermediate support is broken below 740

Here is the overall Zoomed out view -
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Indicator view #
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Volume is picking up. RSI/CCI/DMI showing momentum.
A MACD cross on the daily will confirm a move.

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