Will XLM/USD Go Higher?
Updated
Hi everyone, this is my second post here and the first one still goes according to the plan. Check my profile and my predictions about ATOM/USD if you are interested.
XLM has to resist around $0.25 until January 28th for us to seek buying opportunities. On the 28th of January, XLM has to decide whether to go higher or not.
1.If XlM resists the $0.25 line
It might rapidly or slowly go above $0.30 and this will bring good results for us who have been waiting for a while.
2. If XLM couldn't resist the $0.25 line;
It might fall down to the second resistance line which is around $0.23. It will then needs to decide whether to go up or down around January 31st.
2.1 If XLM couldn't resist $0.23 line;
This is where we might think about stop options if we have bought XLM higher than the current level. Since the next resistance line is around $0.15 and a new trend operation might be needed for the future predictions of XLM.
2.2. If XLM resists the $0.23 line;
The next decision for XLM might be made on the 31st of January and we might see some buying and selling opportunities there.
In conclusion
These are only my analysis made only by following trendlines. Always think before you invest your money and always make your own research. If you do think like me, then I'll be happy and if you don't, please share your ideas so that I can improve my way of looking at things. And I'll be happy as well.
Thank you for reading and have a nice day.
XLM has to resist around $0.25 until January 28th for us to seek buying opportunities. On the 28th of January, XLM has to decide whether to go higher or not.
1.If XlM resists the $0.25 line
It might rapidly or slowly go above $0.30 and this will bring good results for us who have been waiting for a while.
2. If XLM couldn't resist the $0.25 line;
It might fall down to the second resistance line which is around $0.23. It will then needs to decide whether to go up or down around January 31st.
2.1 If XLM couldn't resist $0.23 line;
This is where we might think about stop options if we have bought XLM higher than the current level. Since the next resistance line is around $0.15 and a new trend operation might be needed for the future predictions of XLM.
2.2. If XLM resists the $0.23 line;
The next decision for XLM might be made on the 31st of January and we might see some buying and selling opportunities there.
In conclusion
These are only my analysis made only by following trendlines. Always think before you invest your money and always make your own research. If you do think like me, then I'll be happy and if you don't, please share your ideas so that I can improve my way of looking at things. And I'll be happy as well.
Thank you for reading and have a nice day.
Note
Currently, XLM has made its first bounce back from the $0.25 line. This is good news since the support line might be stronger than we think and may result in Scenario 1. But XLM will decide whether to go up or down on the 28th of January. We will be watching closely and decide what to do next.Trade closed: stop reached
I have stopped my investment on XLM since it has no other supports left. Going to be looking for new opportunities for buying and let's see what will happen
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