XLM Ready For Take Off!
Daily
Looking over at our trend timeframe we can see price is respecting uptrend. Major resistance hit. Possible Higher Higher formation @ 0.00005500. A daily close above 0.0004825 activates our trade. Stochastic RSI showing us momentum has bottomed out and heading towards the upside.
4Hour
Shifting over to our pattern timeframe we can see price respecting an ascending wedge pattern. Expecting bounce off trendline if price does not hold @ 0.00004500. Waiting for a break and close above 0.00004800 on the 4hour. Stochastic RSI showing momentum is bearish.
Hourly
Finally looking over at our trigger timeframe we see price currently testing our dynamic support. This would be our bestl entry, or a break and close above 0.00004800 on the hourly/4hour. Stochastic RSI again showing momentum is bearish, price is showing bullish divergence.
Target 1: 0.00005000
Target 2: 0.00006000
Target 3: 0.00007500
Target 4: 0.00010000
Target 5: HODL
Stoploss: 0.0004250
Conclusion
Buy: @ 0.0004550 hourly support bounce, or wait for break and close above 0.00048000
Sell: No
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