XLM tested the previous high at $0.40 cents, but was quickly pushed down as the broad market corrected today, as led by ETH (see my idea on that).
Nevertheless, XLM is still keen to go higher with a bullish price action and indicators. This last rise to $0.40 was also on increasing volume which shows interest in XLM is picking up.
On daily and 4h timeframes the indicators remain bullish despite this correction and if we don't drop again, I can see us easily going higher and maybe pass the current resistance.
I remain bullish as long as support holds.
Like and follow if you liked this idea. Also join my crypto community to stay in touch!
Nevertheless, XLM is still keen to go higher with a bullish price action and indicators. This last rise to $0.40 was also on increasing volume which shows interest in XLM is picking up.
On daily and 4h timeframes the indicators remain bullish despite this correction and if we don't drop again, I can see us easily going higher and maybe pass the current resistance.
I remain bullish as long as support holds.
Like and follow if you liked this idea. Also join my crypto community to stay in touch!
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📣 Find more Alpha by joining Your Crypto Community 🔰 LINKs BELOW 🔰
🔹 Over 7,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
🔹 Over 7,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
Related publications
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.