XLM Cup & Handle formation but must clear resistance at 0.00003
XLM momentum seems to ebbing down after the Money 20/20 / IBM world wire news.
A clear cup & handle formed, but the subsequent run got stopped at resistance at approx. 0,00003 BTC/XLM
The weekly chart looks still good with bullish cross-over on the MACD, but this must be confirmed with the next candles.
Outlook: if 0,0003 line is broken, I'll be further bullish.
XLM could draw capital from XRP now based on the recent IBM/Banks deal.
No financial advice, DYOR always.
Cross fingers & c ya
A clear cup & handle formed, but the subsequent run got stopped at resistance at approx. 0,00003 BTC/XLM
The weekly chart looks still good with bullish cross-over on the MACD, but this must be confirmed with the next candles.
Outlook: if 0,0003 line is broken, I'll be further bullish.
XLM could draw capital from XRP now based on the recent IBM/Banks deal.
No financial advice, DYOR always.
Cross fingers & c ya