XLM USD Daily Chart Breakdown

The key for this post is included on the chart. I focused on the 150/200 SMA , RSI and a measured projection based on previous upward movement we've seen in the past. The target is set at .73 cents, however this does depend on weather or not BTC can remain steady for us. This chart was done using the daily time frame and outlines the ascending channel we have been inside of. I believe we're going to continue inside of this channel and though we have seen some red days, we had a nice bounce up off the bottom trend line and have since centered out. If this idea is invalidated and we do break downwards, I expect us to continue to hold this channel. Keep that in mind when setting up buy orders.

We all know the fundamentals of this coin, the price ranges we've been seeing aren't as low as they used to be however it's still one hell of a bargain!

**DISCLAIMER**
I am NOT a financial advisor and this is NOT financial advise. Investing in this market can be extremely risky and I must insist that you DYOR and refrain from investing funds that cannot be easily replaced.

I am posting this idea publicly for feedback so please like, comment and follow!

Thanks

** I had to re post this idea. I posted it publicly but it was only showing on my page, not on recent ideas when the pair was searched. **