Stellar Lumens (XLMBTC) is getting ready to move. I received many requests to analyze this altcoin in the past few weeks, and it is easy to see why.
We are going to take a quick look at Stellar Lumens and the different signals coming from the chart above, followed by a full trade... So please hit LIKE to keep reading below:
January meant 'blood' for XLMBTC, as it had a huge down wave. But after a crash, an opportunity always develops.
We can see the candlestick going from a steep decline, into a flat bottom followed by a high volume candlestick breakout. XLMBTC right now is challenging EMA10. A close above this level is the first confirmed bullish signal of an upcoming bullish move.
The RSI was massively oversold and now is trending up strong.
Strong bullish divergence on the MACD; this is strong divergence.
XLMBTC is a strong project, so you can expect a big move if the bulls follow up on the signals above.
The weekly chart is also looking pretty good for an up move, you can see it here:
Below you can find a trade for XLMBTC. Enjoy the profits.
Conditions for change: If our stop loss break... well, that's the change.
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