Over the last two months, we have not been in favor of chasing big up moves in altcoins. As you may know, we have dramatically changed our tune and believe you can buy dips in alts. We always disclaim the statement by saying you should buy on dips in "quality" alts.
When it comes to Stellar (XLM), we don't know about the fundamental quality. Technically, it has potential. Stellar ran up to the previous 4th and 200-day moving average near .90. "The previous 4th" is Elliot Wave speak for the point where the final leg lower started near the tail end of a bear market.
Right now, Stellar (XLM). So, if you like XLM, you can maybe try a small long.
Bottom Line: XLMUSD got rejected at resistance the first time up. It will be interesting to see if Stellar (XLM) can continue to move up. If it does, it could be the start of a much bigger rally. Watch. 90.
When it comes to Stellar (XLM), we don't know about the fundamental quality. Technically, it has potential. Stellar ran up to the previous 4th and 200-day moving average near .90. "The previous 4th" is Elliot Wave speak for the point where the final leg lower started near the tail end of a bear market.
Right now, Stellar (XLM). So, if you like XLM, you can maybe try a small long.
Bottom Line: XLMUSD got rejected at resistance the first time up. It will be interesting to see if Stellar (XLM) can continue to move up. If it does, it could be the start of a much bigger rally. Watch. 90.
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면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.