After a huge move up a few days back, XLM has taken a bit of a breather like most of the alt market. With 30 minutes left in today's session it along with Bitcoin and Ethereum are showing signs of life.
XLMBTC has been consolidating for a few days and has Squeezes coiled and looking like they're ready to fire long. Taking a look at an 8-hour chart, you'll see it has (at least at the time of writing this) it has fired and based on the momentum it's looking like it's going long:
Looking into a few smaller time-frames, we'll also see Squeezes on 15, 60 and 120 minute all showing bullish momentum. With the confluence of all of these signals, I'm expecting a big move from XLMBTC:
First Target: 4199 or 7.67% from current prices
Second Target: 4465: 14.25% from current prices
Stop: 0.00003770 or 3.51% from current prices
Please Like and Subscribe If You Enjoy The Analysis
***This is NOT financial advice. Trade at your own risk! The crypto market is incredibly volatile and you should never trade money you can't afford to lose****
XLMBTC has been consolidating for a few days and has Squeezes coiled and looking like they're ready to fire long. Taking a look at an 8-hour chart, you'll see it has (at least at the time of writing this) it has fired and based on the momentum it's looking like it's going long:
Looking into a few smaller time-frames, we'll also see Squeezes on 15, 60 and 120 minute all showing bullish momentum. With the confluence of all of these signals, I'm expecting a big move from XLMBTC:
First Target: 4199 or 7.67% from current prices
Second Target: 4465: 14.25% from current prices
Stop: 0.00003770 or 3.51% from current prices
Please Like and Subscribe If You Enjoy The Analysis
***This is NOT financial advice. Trade at your own risk! The crypto market is incredibly volatile and you should never trade money you can't afford to lose****
Penerbitan berkaitan
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.
Penerbitan berkaitan
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.