After Ripples kickoff rally, we should be keeping an eye on XLM. The fake pattern breakout was followed by a correction candle today
We might be heading down for a bounce off of the cluster of EMA's situated at a strong horizontal support level around 3350.
RSI and MACD following their resistances diligently still, postponing the pattern break out for now.
We might be heading down for a bounce off of the cluster of EMA's situated at a strong horizontal support level around 3350.
RSI and MACD following their resistances diligently still, postponing the pattern break out for now.
Note
[img]Impulse wave has finished, let's see if the retrace reaches 2.618 and confirms the breakout.
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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.