As you can see $XLM is broken the downward trend and is moving sideways. Judging by the green in volume, this could potentially be a break out from the down-trend. I envision only a short push. What is most important is when the price reaches the rectangle. This closely matches 0.5 Fib retac and previous resistance. If it manages to cross both, I would confirm the breakout and will be LONG. At the moment I am closely watching and will update.
P.S. These are my observation and analysis that I use for my own investment decisions.
P.S. These are my observation and analysis that I use for my own investment decisions.
Komentar:
Lumens closing in on 3350. I recommend you do a swing trade on the rectangle and it will retest before it breaks out. (hopefully)
Komentar:
As expected, once it touched the rectangle it has retracted giving us an opportunity to swing a bit.
Komentar:
A little late than originally planned. I have sold half of my bag. Waiting for a confirmation on how to move forward.
Komentar:
Breakout is confirmed. Hope all of you had good gains. Until next call :)