XLM is at one if its crucial channel resistance areas. If it breaks through, hopefully it is caught by the resistance of the larger ascending channel bottom. I do believe that there will be a BTC turn-around in the not-so-distant future and that Stellar could prove to one of the great trains to ride through that process.
코멘트:
XLM/STR is still supported above the upward channel support. There is resistance being provided by both the .50 Fib (2950) as well as it currently hanging out under the 55 MA.
코멘트:
Worth noting that in the background I believe BTC is now completing wave 1 of an impulse wave. It dropped out of the last wedge for what felt like roughly half a second and headed right back up into the impulse structure I have been waiting for. I only mention this on an XLM thread because BTC's precedent movement is worthy of note. It is a bit early, and won't have a super clear count until the close of wave 2...but here is my knee-jerk count.
코멘트:
We have yet to have a 4-hour candle close above the .50 Fib retracement line (2950). Every time we manage to get above it, it comes back down prior to close. We are also being pushed up by the channel support. Fairly quickly here, XLM is going to get forced to make a decision. I be hesitant trading XLM/BTC until we have clarity and more confirmation from a 4-hour close of the direction it is going to take.