XLMBTC S/R Flip
After what seem like eternity, XLM finally broke out of 625 range resistance over the past couple of days and has now turned the area to support. XLM has shown bullish divergence on the daily for over a week and finally broke up.
Next level to flip will be around 720 to 725 where it will also meet the 200MA. May see a pause here fora while and pull back, but could be much bigger gains to go once 200 MA acts as support. FYI XRP has shown similar Daily divergence as these two seem to move together. Cheers
Feel free to offer advice and correction as I am new to charting.
Next level to flip will be around 720 to 725 where it will also meet the 200MA. May see a pause here fora while and pull back, but could be much bigger gains to go once 200 MA acts as support. FYI XRP has shown similar Daily divergence as these two seem to move together. Cheers
Feel free to offer advice and correction as I am new to charting.
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.