After a huge move up a few days back, XLM has taken a bit of a breather like most of the alt market. With 30 minutes left in today's session it along with Bitcoin and Ethereum are showing signs of life.
XLMBTC has been consolidating for a few days and has Squeezes coiled and looking like they're ready to fire long. Taking a look at an 8-hour chart, you'll see it has (at least at the time of writing this) it has fired and based on the momentum it's looking like it's going long:
Looking into a few smaller time-frames, we'll also see Squeezes on 15, 60 and 120 minute all showing bullish momentum. With the confluence of all of these signals, I'm expecting a big move from XLMBTC:
First Target: 4199 or 7.67% from current prices
Second Target: 4465: 14.25% from current prices
Stop: 0.00003770 or 3.51% from current prices
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***This is NOT financial advice. Trade at your own risk! The crypto market is incredibly volatile and you should never trade money you can't afford to lose****
XLMBTC has been consolidating for a few days and has Squeezes coiled and looking like they're ready to fire long. Taking a look at an 8-hour chart, you'll see it has (at least at the time of writing this) it has fired and based on the momentum it's looking like it's going long:
Looking into a few smaller time-frames, we'll also see Squeezes on 15, 60 and 120 minute all showing bullish momentum. With the confluence of all of these signals, I'm expecting a big move from XLMBTC:
First Target: 4199 or 7.67% from current prices
Second Target: 4465: 14.25% from current prices
Stop: 0.00003770 or 3.51% from current prices
Please Like and Subscribe If You Enjoy The Analysis
***This is NOT financial advice. Trade at your own risk! The crypto market is incredibly volatile and you should never trade money you can't afford to lose****
