XLM USD - Bulls are coming
Updated
Hello traders and analysts.
Key:
Purple = weekly
Blue = Monthly
Orange = Daily
grey = 4hour
pink = 1 hour
See our tracking of XLM or Stellar Lumens
The original idea is here for 2021:
XLM
4 hour perspective
What is happening with XLM?
The chart shows us:
Maxed out upon a weekly level to our -0.27 Fibonacci zone at $0.42, where a price engineering upon an important zone was necessary to tail off in order to keep the bulls in the market.
The Fibonacci low of $0.23
upon this price retraced back to our 61.8% zone and continued to reject higher at the 0.382% as the market is creating higher lows.
Zones to watch:
$0.28 or 0.34 - a new extension has been made here so price and return to find a strong zone of support.
Where is price going now?
Looking to match or break the all time high [look left]. From here the extension targets are set for profit taking or holding further.
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners through to advanced .
KISS - keep it simple stupid.
we trade purely from naked charts, less indicators - remove the noise.
Key:
Purple = weekly
Blue = Monthly
Orange = Daily
grey = 4hour
pink = 1 hour
See our tracking of XLM or Stellar Lumens
The original idea is here for 2021:
XLM
4 hour perspective
What is happening with XLM?
The chart shows us:
Maxed out upon a weekly level to our -0.27 Fibonacci zone at $0.42, where a price engineering upon an important zone was necessary to tail off in order to keep the bulls in the market.
The Fibonacci low of $0.23
upon this price retraced back to our 61.8% zone and continued to reject higher at the 0.382% as the market is creating higher lows.
Zones to watch:
$0.28 or 0.34 - a new extension has been made here so price and return to find a strong zone of support.
Where is price going now?
Looking to match or break the all time high [look left]. From here the extension targets are set for profit taking or holding further.
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners through to advanced .
KISS - keep it simple stupid.
we trade purely from naked charts, less indicators - remove the noise.
Trade active
All time high removed and our extension targets await!
Related publications
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.