XLM/USDT long
On Coin market cap their are 100 percent positive indicators showing a strong buy over all. Ethereum Is breaking free from It's intense affinity from BTC. It's position Itself to take over as number one coin by market cap. As Polkadot Is looking to kill ETH knocking It two the number three spot. While ETH just surpassed BTC's market cap briefly for the first time two days ago due to conversion of BTC Into large amounts of wrapped BTC. A negative indicator for BTC. Which was holding back. But right now XLM Is in sync with either even with BTC In the red.
I want to point out that XLM broke out of a beautiful looking pennant on the daily chart today. It is attempting to hold with massive support. I'm watching for confirmation before I buy as It bounces back upwards. RSI on the daily is just out of overclocked territory. With MACD getting tighter after 15 days in the green. On the 4 hour chart MACD is currently opening up, while RSI clocks at ~60. This chart also shows in the past four hour period we broke above the Bollinger bands but only slightly. Which are much wider on the daily chart. It looks like we're very bullish in the next four hours. If market conditions don't switch up causing a reversal this could be quite profitable In a short period of time. Make sure to keep your stop losses tight, and buy after confirmation on the daily chart.
Thank you for checking out my first chart on trading view. I'm growing everyday, and improving. Any constructive criticism will be take with a grain of salt. Hehe just playing I would appreciate all the feedback I can get. Be safe, and let's get It. Sincerely, Ghost
I want to point out that XLM broke out of a beautiful looking pennant on the daily chart today. It is attempting to hold with massive support. I'm watching for confirmation before I buy as It bounces back upwards. RSI on the daily is just out of overclocked territory. With MACD getting tighter after 15 days in the green. On the 4 hour chart MACD is currently opening up, while RSI clocks at ~60. This chart also shows in the past four hour period we broke above the Bollinger bands but only slightly. Which are much wider on the daily chart. It looks like we're very bullish in the next four hours. If market conditions don't switch up causing a reversal this could be quite profitable In a short period of time. Make sure to keep your stop losses tight, and buy after confirmation on the daily chart.
Thank you for checking out my first chart on trading view. I'm growing everyday, and improving. Any constructive criticism will be take with a grain of salt. Hehe just playing I would appreciate all the feedback I can get. Be safe, and let's get It. Sincerely, Ghost
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