XLM is forming a very bullish ascending triangle as highlighted in blue. Should it be confirmed, XLM is due to pump fast to 0.40 cents.
However, momentum on the 4h chart is flat - no direction as indicated by the price literally hugging the .30 cents level with a dozen or so candles touching this level. So if we don't break-up we will likely go lower to our support line around 0.26 and 0.20.
Aim to long a breakout (safest trade in current market conditions). This should present itself in a few hour if confirmed.
XLM is also one of my top choices for 2021, see below the links to my top altcoin picks this year.
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However, momentum on the 4h chart is flat - no direction as indicated by the price literally hugging the .30 cents level with a dozen or so candles touching this level. So if we don't break-up we will likely go lower to our support line around 0.26 and 0.20.
Aim to long a breakout (safest trade in current market conditions). This should present itself in a few hour if confirmed.
XLM is also one of my top choices for 2021, see below the links to my top altcoin picks this year.
Like and follow if you liked this idea!
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