I had pubblished (I think) this idea I had for XLM, basically an elliot wave, however I changed the bottom of wave 2 various time during the weeks because, as you can see it broke down two supports. Currewnt bounce was on the 0.786 Fib line though so, it ok.
SMI shows a bearish DIV (not shown here) however you can see the EMA 200 being pierced by price at daily time frame. Off course this means that at 4h price is already over EMA 200 (finally). Combined with VLPR control line being at the base of current candlestick, but more importantly, with the daily candle of the 4th of October which clearly bounced on my support I feel confident that XLM has tested this support and it holds.
From now on I expect a rise of XLM price... after all it hasn't delivered much, even in Q1 it had one great pump and stopped.
I think that if you wanna enter, now it's a good moment, use that support as stop loss. When XLM starts pumping it's like XRP, it moon very quickly.
Good luck
SMI shows a bearish DIV (not shown here) however you can see the EMA 200 being pierced by price at daily time frame. Off course this means that at 4h price is already over EMA 200 (finally). Combined with VLPR control line being at the base of current candlestick, but more importantly, with the daily candle of the 4th of October which clearly bounced on my support I feel confident that XLM has tested this support and it holds.
From now on I expect a rise of XLM price... after all it hasn't delivered much, even in Q1 it had one great pump and stopped.
I think that if you wanna enter, now it's a good moment, use that support as stop loss. When XLM starts pumping it's like XRP, it moon very quickly.
Good luck
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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.
I do TA because I like and it seems at least 70% of my calls usually turn out to be true. If you wanna support me please donate some tradingview coin or check "about me"
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.