XLM Short Term Down Long Term UP
XLM has partnered up with IBM and lots of rumors circulating of more big companies being a part of there future.
One of these rumors being a new exchange where you can buy any crypto currency with any fiat pair
Lot of good info here about rumours
reddit.com/r/Stellar/comments/7nmb3k/connecting_the_dots_ibm_stellar_and_fairx/
reddit.com/r/Stellar/comments/7n5t5b/the_massive_impact_of_fairx/
As for the technicals
-Big move up on BTC pair to make a new ATH
-Price broke out the 3day cloud but never came back to retested.
-Higher time frame indicators looking like they need to reset
-Short term time frames showing a bit of a push is possible
Prediction:
-Price moves up to the .618 -.786 fib area where it will encounter selling pressure and make its B of a ABC correctoin
-Price continues to move down into the 2500 sat range next few weeks for suport on the 3day cloud where it completes its C of ABC correction and begin a move up for wave 2
Long term: Strong HOLD
One of these rumors being a new exchange where you can buy any crypto currency with any fiat pair
Lot of good info here about rumours
reddit.com/r/Stellar/comments/7nmb3k/connecting_the_dots_ibm_stellar_and_fairx/
reddit.com/r/Stellar/comments/7n5t5b/the_massive_impact_of_fairx/
As for the technicals
-Big move up on BTC pair to make a new ATH
-Price broke out the 3day cloud but never came back to retested.
-Higher time frame indicators looking like they need to reset
-Short term time frames showing a bit of a push is possible
Prediction:
-Price moves up to the .618 -.786 fib area where it will encounter selling pressure and make its B of a ABC correctoin
-Price continues to move down into the 2500 sat range next few weeks for suport on the 3day cloud where it completes its C of ABC correction and begin a move up for wave 2
Long term: Strong HOLD
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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.
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.