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Xmlusdt

STELLAR- Our chart updated chartOur updates Stellar/dollar chart with key support and resistance levels. Right on major support at this time. Fundamentally, what I like about Stellar is the fact that they are: a. a non-profit organization (clever..) b. very close to the IMF and Federal Reserve Our research has proved that Stellar Lumen technology could be more likely to be used for CBDCs (Central Bank Digital Coins) than any other competitor, simply for the fact that allready they seem to be working closely with (b).
SLong
by FX_Professor
7
XLM/USDT | Head and Shoulders | Trend Reversal | Trade Setup Today's analysis – XLM/USDT – Retracing after a strong break of structural resistance Points to consider: - Macro trend reversal - Bullish price action - S/R flip re-test - Volume influx - Oscillators overextended - 21 EMA visual guide XLM showing convicting signs of a macro trend reversal as it breaches a key level coinciding with monthly structural resistance and its head and shoulders neckline forming a bullish bias in the market. Multiple bullish engulfing candles with strong volume follow-through is indicative of buyers present in the market and trend continuation is probable. Price respecting structural support upon retest will solidify the S/R flip and substantiate the bullish bias. The influx of volume needs to sustain as price retraces and tests support to solidify the price action and avoid any fake-outs. Both oscillators cooling off from overbought conditions, a retrace and consolidation above support will neutralise and prime the oscillator for a trend continuation. Both the RSI and stochastics need to range above 50 to maintain the bullish bias in the market. Further price development will allow the 21 EMA to act as a visual guide, assisting in trade management. Overall, in my opinion, a successful S/R flip re-test of neckline resistance validates a long trade to technical targets above with risk defined below support. What are your thoughts? If you’ve read this far - thank you for following my work! And as always, Focus on you, and the money will too!
Long
by Kudiiee