Its time for another Update on XLM. Before we dive a bit deeper,

Have a look at my previous post on XLM

And if you observe closely with the current charts, it was fairly predictable and price followed exactly the same way I supposed it to follow (Followig still now), even though I cant still guarantee the future :)

Go ahead, and have a comparison with the previous post with the timestamp :) If you followed that, I'm sure you would have got good profits.

So XLM is showing some strength on both USD and BTC pair,

and the following charts show the same:

Chart: XLM/BTC, 1D

Link: https://www.tradingview.com/x/n1XjDoq4/

Overall Bias: Bullish (It broke out)

Chart: XLM/USD, 1D

link: https://www.tradingview.com/x/qmA2EWwy/

Overall Bias: Bullish.

Points to note:

Again, I suggest you to have a look at my previous post

And try to prove me wrong :D

Well, if you had a look, you'll be able to derive the following points:

It hit exactly my buy zone, and showed strength and went up, for a breakout on BTC Pair.
It did a successful retest, made a pullback exactly the way it was supposed to do on USD pair.
It broke out from a channel that was ranging for almost 330+ days.

And I believe it has room to go higher, even though I'm not guaranteeing it :)

Let me know what you think!

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Posted Using LeoFinance