Stellar Lumens XLM Long - follows Ripple most of the time

XLM seems to follow XRP most of the time so it would be fitting to chart XLM aswell. Looking at the chart I see an ascending triangle which is bullish if it breaks through the horizontal resistance. RSI and MACD aren't looking all too dandy right now but it might recover later. Kijun also crossed over the tenkan which is a bearish signal but it's above the green kumo cloud and this means its a weak bearish signal. I think XLM might dip in the short-term but I also think it's gonna have a big bull run once it breaks out. Target is the vertical height of the triangle which is around 1000sats but if you're being conservative the 1.618 fib is also a good target. Entry between the 0.618 and 0.786 fibs?

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Trade fermée: cible de profit atteinte:

Target reached

Commentaire:

Still going on. I haven't kept my eye on it but if you held till now you've been rewarded with your patience!