Hi all,
Just a quick report on Stellar for those of you trading the pump listing on Coinbase Pro. If you missed the train I'd wait for a pull back to the green region I have highlighted.
Support: Finding support at EMA 5 and 38.2% retrace.
Resistance: 61.8% at $.12. XLM hitting BB upper band. Multiple indicators showing overbought or near (stochastic, RSI, CCI).
I'd wait for a pull back to lower supports highlighted in green area for fresh buys.
You will also need to watch BTC prices closely as well. During a sideways market like this traders will secure profits on the XLM pump so this is another level of resistance.
Regards,
Bobby
Just a quick report on Stellar for those of you trading the pump listing on Coinbase Pro. If you missed the train I'd wait for a pull back to the green region I have highlighted.
Support: Finding support at EMA 5 and 38.2% retrace.
Resistance: 61.8% at $.12. XLM hitting BB upper band. Multiple indicators showing overbought or near (stochastic, RSI, CCI).
I'd wait for a pull back to lower supports highlighted in green area for fresh buys.
You will also need to watch BTC prices closely as well. During a sideways market like this traders will secure profits on the XLM pump so this is another level of resistance.
Regards,
Bobby