XLM might go sideways for a couple of days but the trend is bullish on short term due to XRP pre trial conference.
The TA indicators looks good and we might touch the previous ATH 1.05$ but totally depends on how nice the XRP presents. Since these 2 tokens are always moving together (except since SEC announced the lawsuit) I expect to see more upward movement for XRP than XLM, but that coin is too volatile and the risks are also increased proportionally.
My target point is 0.75$, if the results of that conference shows some hope we might get up to 1$ or is starting to retrace God knows where.
Please do your DD, here I'm sharing just my point of view on this asset for the next 8 days.
The TA indicators looks good and we might touch the previous ATH 1.05$ but totally depends on how nice the XRP presents. Since these 2 tokens are always moving together (except since SEC announced the lawsuit) I expect to see more upward movement for XRP than XLM, but that coin is too volatile and the risks are also increased proportionally.
My target point is 0.75$, if the results of that conference shows some hope we might get up to 1$ or is starting to retrace God knows where.
Please do your DD, here I'm sharing just my point of view on this asset for the next 8 days.
Comment:
Just a small update
There was a small shakeout, don't get emotionally involved in trading and avoid the noise. Potentially, we might see the 0.49$ area in the next 12 hours but it's less likely for that to happen. If we do, I expect a jump back to 0.56$ and a continuation to 0.75$ area after the next 48 hours.
There was a small shakeout, don't get emotionally involved in trading and avoid the noise. Potentially, we might see the 0.49$ area in the next 12 hours but it's less likely for that to happen. If we do, I expect a jump back to 0.56$ and a continuation to 0.75$ area after the next 48 hours.
Trade active:
If there is one thing that I hate about crypo is that everyone is allowed to manipulate the markets, from Elon Musk to whales.
My stop wasn't reached, feel sorry for those whom got a hit due to this nonsense.
My stop wasn't reached, feel sorry for those whom got a hit due to this nonsense.
Trade closed manually:
I took the hit too. I will have to reconsider a new strategy.
There is a slight chance that the lawsuit is going to be dropped and a settlement to be announced
Since I'm not a PRO user I'm not allowed to post links
sec.gov/news/public-statement/peirce-roisman-statement-contingent-settlement-offers-021221