XLM range trading

Third time XLM/BTC is touching the bottom of this channel it is trading in since mid-june. It took a while after the first touch, namely a second touch, but after that we got a nice 25% move up. This seems an interesting opportunity.

I'm not counting the third as that wick is definitely false price action or maybe even a shake-out. Anyway, setting a stop loss below the previous low and my target at 20%. Let's see how this goes!
Bitcoin (Cryptocurrency)Parallel ChannelSTELLARstellarbtcstellarlumensTrend AnalysisxlmbtcXLMUSDxlmusdt

Also on:

Related publications

Disclaimer