XLM/BTC Triangle Pattern
Price on the 4hr Chart of XLM/XBT shows a triangle pattern. MACD histogram confirms this movement. ADX line of the DMI indicator going down which tells us that the bearish movement losses momentum. These indicators give us signals of a market consolidation.
We should expect a breakout in the next days. If price breaks thru the upper triangle line, price should see further upward movement. RSI gives us a upward signal.
Be careful with buying in at the moment since cryptoworld is still heavily dependent on BTC.
Still; if you feel comfortable, a good buy in point would be 5-5.2k satoshi if the upper triangle line is broken.
Good trading lads!
We should expect a breakout in the next days. If price breaks thru the upper triangle line, price should see further upward movement. RSI gives us a upward signal.
Be careful with buying in at the moment since cryptoworld is still heavily dependent on BTC.
Still; if you feel comfortable, a good buy in point would be 5-5.2k satoshi if the upper triangle line is broken.
Good trading lads!
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