I can tell you that XLMBTC (Stellar) is about to pick up some speed.
Today we have a "volume breakout"; the highest volume daily since May, and the day is not over yet.
High volume while moving above EMA50 is a very strong signal.
The MACD on the bullish zone and a strong RSI support this move.
We can see XLMBTC picking up speed.
The price of this Altcoin pair...
This one is looking good now that its price is moving above EMA50.
XLMBTC has been batting this level, 0.00000609 and looks like it will finally close above it, growth can follow.
I will be looking at a lev. trade on this one.
Namaste.
The price of Stellar compared to Bitcoin is at the price floor. It is possible to grow up to the trend line. If the trend line breaks, there is a possibility of growth until the next resistance.
This is a classic bottoming process in crypto. There is going to come a time when this coin is just going to start pumping. I wont be surprised if it makes few hundred % in a few weeks. There are quite a few alts that look the same way vs btc. Just dont use leverage because you will be shaken out.
XLMBTC is creating a falling wedge on monthly support. IF the price is going to have a breakout, According to Plancton's strategy (check our Academy ), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure...
⏳ Spot
💎 XLMBTC is moving along the descending chancel. At the support zone we expect rejection. After the breakout we expect the price to go higher and reaches TPs. The Green candles show that the Bulls are pushing the price higher
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🎳 Entry at Market or at 0.00000570
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Currently our weeky is showing the beginning signs of a bullish divergence on macro timeframe. With Big support below our feet. After the breakdown we got back above it and are making support in it again, solidifing the trendline.
This is just my opinion no financial advise. Do your own due diligence.
XLM has to break out of this channel on the monthly chart in order to surge to all time high.
Good time to buy at 600s sats per XLM.
Not financial advice.
Be careful and good luck!
Third time XLM/BTC is touching the bottom of this channel it is trading in since mid-june. It took a while after the first touch, namely a second touch, but after that we got a nice 25% move up. This seems an interesting opportunity.
I'm not counting the third as that wick is definitely false price action or maybe even a shake-out. Anyway, setting a stop loss...
