XLM/USD - Bullish price action about to explode towards $1! 🚀
XLM has followed on the steps of XRP (see below my idea) with a very nice green candle today on decent volume which pushed against this resistance at $0.50.
This is very good, as XLM is quickly closing the gap with its current ATH of $0.97.
Once we pass $0.60 we're good to fly and re-test the ATH level. Right now, price is still negotiating the levels between $0.50 and $0.60. However, the momentum is still very bullish, hence, I expect us to move above these levels in the next few days or weeks.
The indicators support this bias and moreover, the alt market is getting heated up, hence XLM will perform very well especially when many alts pumped a lot and XLM has been lagging, therefore some of those profits will flow into XLM that still has to reach its current ATH.
MACD expanding, RSI pushing higher, not even overbought... we got room to go much higher. Prepare the rocket! :)
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This is very good, as XLM is quickly closing the gap with its current ATH of $0.97.
Once we pass $0.60 we're good to fly and re-test the ATH level. Right now, price is still negotiating the levels between $0.50 and $0.60. However, the momentum is still very bullish, hence, I expect us to move above these levels in the next few days or weeks.
The indicators support this bias and moreover, the alt market is getting heated up, hence XLM will perform very well especially when many alts pumped a lot and XLM has been lagging, therefore some of those profits will flow into XLM that still has to reach its current ATH.
MACD expanding, RSI pushing higher, not even overbought... we got room to go much higher. Prepare the rocket! :)
Like and follow if you liked this idea! Also join my crypto community to stay in touch!
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