💎#XLMUSDT successfully shattered the key resistance, signaling a significant shift in market dynamics. The subsequent breakout from the ascending channel propelled the price higher. A subsequent pullback found support precisely at the crucial 61.8% Fibonacci retracement level, underscoring its significance.
💎Notably, the emergence of a bullish divergence on the MACD indicator hints at a potential conclusion to the correction phase. However, to solidify the long-term uptrend continuation, the formation of a new higher high becomes a pivotal requirement.
💎Stay vigilant, closely monitoring the price action for confirmation of a sustained upward trajectory. Exciting times lie ahead for #XLM as it seeks to build upon its recent gains and potentially embark on a new bullish leg.
💎Notably, the emergence of a bullish divergence on the MACD indicator hints at a potential conclusion to the correction phase. However, to solidify the long-term uptrend continuation, the formation of a new higher high becomes a pivotal requirement.
💎Stay vigilant, closely monitoring the price action for confirmation of a sustained upward trajectory. Exciting times lie ahead for #XLM as it seeks to build upon its recent gains and potentially embark on a new bullish leg.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Want to trade like a PRO without the 15+ year learning curve?
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.