charlief782

XLM- Breakout Coming

Panjang
BINANCE:XLMBTC   Stellar / Bitcoin
As you can see XLM still has some major trendline to break before breaking out. First, the RSI MACD and stoch RSI all look bearish. The rsi is very high and looks to be going down. The macd is about to have a bearish cross over and the stoch rsi is in very oversold areas. XLM looks to be forming an ABCDE pattern and has now completed the pattern. So it needs a little correction. It should hit the .236 fib line which meets the gann fann line. Then from there, it is just upside.
Penafian

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