XLMUSD2 major hurdles in the road for XLM currently:
- The logarithmic channel's midline, which was recently rejected last week
- The 0.618 fib just above the midline
This should prove quite difficult on the rise up past these areas.. However, if XLM manages to push past, we will see a move towards the ATH & reaching the 0.786 fib at $1.85 before any significant pullback
Note
We've turned the 0.5 fib to support also!Note
3hr pinbar + bullish ABCD
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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.