XLM - We're about to go InterSTELLAR
After struggling to break the 0.35 zone for quite some time, XLM rallied through and successfully created a new price floor in this region.
The new support is proving to be strong: each time price has retraced back to this level we see a strong rejection, leaving nothing but a trail of long kangaroo tails and sexy bullish candles.
Demand Zone 1:
This Demand Zone formed on the 61.8 Fib - a Golden Zone
As expected - price retraced back to this level before rallying once more to the top of the countertrend channel.
This bullish optimism created our second demand zone ...
Demand Zone 2:
This second demand zone appears to be a bit less enthusiastic at first glance... however, this one is actually a bit more exciting: we see price respected the zone, rejected the level and broke the counter-trend cannel.
So hopefully, ladies and gentleman, we're on our way to the moon.
Volume is still relatively low and moving in the same direction as price - not only does this add confirmation to our long positions but also shows there is plenty of room for growth.
The new support is proving to be strong: each time price has retraced back to this level we see a strong rejection, leaving nothing but a trail of long kangaroo tails and sexy bullish candles.
Demand Zone 1:
This Demand Zone formed on the 61.8 Fib - a Golden Zone
As expected - price retraced back to this level before rallying once more to the top of the countertrend channel.
This bullish optimism created our second demand zone ...
Demand Zone 2:
This second demand zone appears to be a bit less enthusiastic at first glance... however, this one is actually a bit more exciting: we see price respected the zone, rejected the level and broke the counter-trend cannel.
So hopefully, ladies and gentleman, we're on our way to the moon.
Volume is still relatively low and moving in the same direction as price - not only does this add confirmation to our long positions but also shows there is plenty of room for growth.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.