stinley

Possible scenarios for XLM next several hours

Long
COINBASE:XLMUSD   Stellar
We seem to be set up for a bearish scenario for a break to the upside if we can get out of the channel before hitting the bottom support around $0.26/$0.25 (My personal prediction). If we can't hold I think we go down to find new support. Seems that we've already broken out of the channel to the up and are retesting support before continuing upward.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.