Stellar Coin (XLM): Possible Breakdown From Bullish Channel
Stellar Coins seems like it might break the bullish channel during the weekends.
We see the selling pressure that is happening currently so we are waiting for further confirmations where sellers need to take full control over 200EMA, which then would result in a move to that yellowish zone.
Now if we see any signs of buying volume near the current zone and we form a BoS on smaller timeframes near $0.4475, then we will most probably continue the movement in the bullish channel, but for now this is just a future possible scenario; markets are still too weak for now!
Swallow Team
We see the selling pressure that is happening currently so we are waiting for further confirmations where sellers need to take full control over 200EMA, which then would result in a move to that yellowish zone.
Now if we see any signs of buying volume near the current zone and we form a BoS on smaller timeframes near $0.4475, then we will most probably continue the movement in the bullish channel, but for now this is just a future possible scenario; markets are still too weak for now!
Swallow Team
Trade closed: target reached
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๐จ Authentic Traders
โก๏ธ Short-Term + Mid-Term Trades
Keep an eye on us and you will not regret it. ๐
Telegram: t.me/+fiEDSn7M9pJkODA0
โก๏ธ Short-Term + Mid-Term Trades
Keep an eye on us and you will not regret it. ๐
Telegram: t.me/+fiEDSn7M9pJkODA0
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.