Seems my previous idea worked out, it hit the bottom of the channel and went up to my target.
A reversal might be in play here if it bounces of the 2500 sats level which is critical. If it does, it will break the channel en an uptrend might be possible with a target between 3200 and 3500.
It will then touch the ichi cloud which makes things interesting. If it does indeed break 3500 our next target should be 4000 sats at the top of the cloud.
RSI also looking for reversal, a bit early to tell of course but sentiment in the market is bullish and some alts are taking off already so it would not surprise me if this is the moment for XLM to take off.
A reversal might be in play here if it bounces of the 2500 sats level which is critical. If it does, it will break the channel en an uptrend might be possible with a target between 3200 and 3500.
It will then touch the ichi cloud which makes things interesting. If it does indeed break 3500 our next target should be 4000 sats at the top of the cloud.
RSI also looking for reversal, a bit early to tell of course but sentiment in the market is bullish and some alts are taking off already so it would not surprise me if this is the moment for XLM to take off.