XLMEUR, 240 - Stellar due to bounce?
Updated
XLMEUR has fallen out of its triangle move on 5th of September following BTCs sharp drop.
Since then it is going down in a falling wedge formation and there's also a bullish divergence on the 4h RSI.
Additionally XLM had promising news recently about IBM Blockchain World Wire which uses the Stellar protocol.
Support levels is between 0.160 and 0.163 €.
Next support around 0.154 and 0.150 €.
Targets at 0.179 and 0.2 €.
I'm not a financial advisor. This is just for your entertainment and to share my thoughts.Pls let me know what you think in the comments.
Trade at your own risk and use stop-losses.
Since then it is going down in a falling wedge formation and there's also a bullish divergence on the 4h RSI.
Additionally XLM had promising news recently about IBM Blockchain World Wire which uses the Stellar protocol.
Support levels is between 0.160 and 0.163 €.
Next support around 0.154 and 0.150 €.
Targets at 0.179 and 0.2 €.
I'm not a financial advisor. This is just for your entertainment and to share my thoughts.Pls let me know what you think in the comments.
Trade at your own risk and use stop-losses.
Note
First target reached.Note
Second target reached. Take at least some profit and secure the rest with a tight stop loss below the little bull flag forming ~ 0.195ish.
Let's see whether it goes further or BTC spoils everything again.
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