Updated

Stellar is positioning for Long

XLM is at a critical junction. Two different price trends, as confirmed by green/red bubbles, have converged at a single apex. We are setting on the top of the ichimoku leading span A (green cloud), which will often act as a support and cause a bounce. We are looking for volume! Once the buyers come in, short positions will start closing and a chain reaction will shoot us up very nicely. Stop-loss at 0.00004400, if it starts to run i'll update with potential sell targets. Good potential here. Good Luck!!

Note

bears have control. if 0.00004400 support region doesn't hold, we may fall to 4200

Note

I'm hoping the sellers have exhausted and we will see a reversal. my stop-loss is at 0.004375

Note

we seem to have bounced up off of the 4400 support, we will need some better volume to continue moving up, without the volume, we will fall back down and most likely move sideways for a bit. Today is friday, and from my experience, friday evening usually brings volume. Payday I suppose. Anyways, i'm watching for the bulls to come.

dcattey

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

dcattey

Also on: