XLM, Opportunity to buy soon.
Context: Stellar is consolidating and compressing since a long time. The price has now broke his long side-ward resistance and had a shot pull-back on it before continuing a bull trend.
Opportunity: There will be an opportunity to buy soon because the market is finishing his consolidation and has crossed this resistance.
Confirmation: This signal will be confirmed when the 20 SMA will cross over the 50 SMA. Aa good moment to open the position is when the Stochastic RSI will be around his 50 level.
Invalidation: This signal will be invalidated if the price drops towards the green support.
Opportunity: There will be an opportunity to buy soon because the market is finishing his consolidation and has crossed this resistance.
Confirmation: This signal will be confirmed when the 20 SMA will cross over the 50 SMA. Aa good moment to open the position is when the Stochastic RSI will be around his 50 level.
Invalidation: This signal will be invalidated if the price drops towards the green support.
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.