quantguy

Stellar Lumens Breakout

Long
BITTREX:XLMUSD   Stellar Lumens
Stellar Lumens, along with Litecoin, has broken out of its consolidation phase. It is currently facing resistance at the central moving average of the KRI at $0.43, which is a level we have called out here to the penny. If we retrace, we'll see support from $0.40, the upper bound of the range, then $0.35, the lower bound of the range. If we can best the $0.43 level, then we will face resistance from congestion at $0.47, but after that there is a vacuum zone from above until $0.65.

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