B_CryptoTrader

XLM Sitting at Critical Resistance Point - Ready to go up!

Long
COINBASE:XLMUSD   Stellar
XLM is hovering between a converging EMA 20 and EMA 50. When it breaks through one of these you will see your buy or sell signal. Through EMA20 and the first target is ~$0.50 and a possible moon back to above $0.60. Through EMA50 and stoploss at $0.38 as this could signal a drop even to EMA100 with strong support at $0.33.

Wavetrend and Madrid vector have shown bearish divergence but have now hit oversold territory so I think upwards is next.

Risk/reward ratio = 3.84
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.