XLM/USD - Approaching ATH: $0.90!!!
Updated
Do you see what I see? I counted 8 green daily candles! When did we have 8 green candles before? That is 65% price increase in just over a week.
So what does this tell us... XLM and the whole market is extremely bullish. Can we push higher still to ATH?
I'd say we may need a day or two to cooldown a bit as we appear to have formed a wedge here, but as with many alts lately, we just break ABOVE the wedge... which is... very bullish again. Can XLM do that? Yes. However for now this is not yet confirmed.
What is certain though is that we will surely re-test .90 cents / old ATH very soon, as indicated by the yellow parabola that captures the momentum behind this move.
The indicators on daily are as bullish as they can be, expanding MACD, raising RSI, increasing volume... what is there to ask for??? Weekly, same story... 4h same story... it is not often you have indicators on all timeframe being bullish.
So enjoy the pump and take profits as we go higher, likely XLM will pass its current ATH and push much higher still. We are just at the start of this bull run, 2021 still has 10 months to go... lol.
Like and follow if you liked this idea! Also join my crypto community to stay in touch!
So what does this tell us... XLM and the whole market is extremely bullish. Can we push higher still to ATH?
I'd say we may need a day or two to cooldown a bit as we appear to have formed a wedge here, but as with many alts lately, we just break ABOVE the wedge... which is... very bullish again. Can XLM do that? Yes. However for now this is not yet confirmed.
What is certain though is that we will surely re-test .90 cents / old ATH very soon, as indicated by the yellow parabola that captures the momentum behind this move.
The indicators on daily are as bullish as they can be, expanding MACD, raising RSI, increasing volume... what is there to ask for??? Weekly, same story... 4h same story... it is not often you have indicators on all timeframe being bullish.
So enjoy the pump and take profits as we go higher, likely XLM will pass its current ATH and push much higher still. We are just at the start of this bull run, 2021 still has 10 months to go... lol.
Like and follow if you liked this idea! Also join my crypto community to stay in touch!
Note
We broke the wedge UP. Bullish!!!
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