Here we see XLM, a bluechip, technologically solid coin testing the top of its bullflag channel, i see 3 possibilities:
Most likely, A. I see the current uncertainty of bitcoin posing an obstacle to clm making another run at the moment, so i believe well see one more small downtrend, (possibly NOT all the way to the bottom of the channel, so keep an active eye on it if youre looking for a buy in zone) before we gain enough momentum for our next bullrun.
B. We could see it break the channel any hour now, if it can close a 4 hour candle above the channel along with some influx of volume i'd be very bullish.
C. Finally, should bitcoin crash or any big negative news release about Stellar, I can see this moment being its highest point for a while. If it breaks below the channel, we may be seeing a serious correction of its parabolic come up. I highly doubt this coin will ever result in a full crash however, it's a very solid project.
Most likely, A. I see the current uncertainty of bitcoin posing an obstacle to clm making another run at the moment, so i believe well see one more small downtrend, (possibly NOT all the way to the bottom of the channel, so keep an active eye on it if youre looking for a buy in zone) before we gain enough momentum for our next bullrun.
B. We could see it break the channel any hour now, if it can close a 4 hour candle above the channel along with some influx of volume i'd be very bullish.
C. Finally, should bitcoin crash or any big negative news release about Stellar, I can see this moment being its highest point for a while. If it breaks below the channel, we may be seeing a serious correction of its parabolic come up. I highly doubt this coin will ever result in a full crash however, it's a very solid project.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.