After the bearish trend due to the previous price breakout XML is forming a new UPtrend
Price got rejected at the 0.786 fibonacci level forming a bullish divergence
RSI level is ~50 leaving still much space to grow futher
Nice parabolic formation pretty similar to the previus one.
I am BULLISH about XLM thinking we are going to repeat a parabolic movement , at this point we may be at the yellow marked zone
Price got rejected at the 0.786 fibonacci level forming a bullish divergence
RSI level is ~50 leaving still much space to grow futher
Nice parabolic formation pretty similar to the previus one.
I am BULLISH about XLM thinking we are going to repeat a parabolic movement , at this point we may be at the yellow marked zone
Trade active
Huge verticalization on XLM in the last days, my target is going to be 0.785$
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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.