XLM has bottomed out on the higher timeframes and is now in a well established uptrend.
We have broken an area of resistance around the 0.37 mark and have flipped it into support which is currently holding. Moving averages are in a bullish alignment and OBV is rising.
The price is sitting near the lower end of the channel and at the moment just needs to show a little bit more strength and climb above the 20ema which would give us a good 2:1 RR entry targeting the previous local top.
We have broken an area of resistance around the 0.37 mark and have flipped it into support which is currently holding. Moving averages are in a bullish alignment and OBV is rising.
The price is sitting near the lower end of the channel and at the moment just needs to show a little bit more strength and climb above the 20ema which would give us a good 2:1 RR entry targeting the previous local top.
Trade closed: stop reached:
stopped out