XLMUSD is long overdue for a breakout — so as long as BTCUSD market doesn’t spiral downward (and manages to consolidate) it’s about to BOOM!
UPDATE 03/08/22 —
W bottom formation reveals XLM is gearing up for a major upswing.
Note: This is strictly conjecture based on my own technical analysis and not any information based on any sources from the GOP Or federal government/treasury dept / ay institution of any form this example is for educational purposes only and should not be relied upon for any other use. Please invest responsibly and make all decisions based on your head; not your gut. Any projections or figures provided in this analysis are Forward-looking statements And have no basis Other than my own opinion and not information related to the GOP , SEC or wall sf in general. Just the wiz doing what he always did best — Disclaimer must be extended and extensive So forgive me as I need to truly emphasize None of the information obtained in conducting this analysis was provided by insider trading in anyway shape or form.
These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.
Trade Safely!! REMEMBER TO SET YOUR STOP LOSSES!
Both 15M / 1H charts reveal a looming breakout as RSI builds momentum with a wedge determining to future of Stellar Lumens Xlm priceaction (after having taken a significant price dump these last few days) along with the rest of the market.
Above is 15m/1H EMA[8,12] scalping entry points which reveal that we are overdue for a massive bullrun (or massive selloff) within the next 24–48 hours. I would venture to guess sometime this afternoon (EST).
Set your stop losses and keep your eyes peeled! Remember, FinTechPro — cryptotrading is not an easy way to make money. It’s a highly volatile, highly speculative asset; I implore each and everyone of you to do some comprehensive research before making any significant entries.
I’ve seen people lose their livelihoods and their homes over their desire to “get rich quick” (see my “CryptoLife is not Easy” article on Steemit for another oped/lengthy article that touches more on this topic.
Defer to chart above for fundamentals on XLMUSD. An inverted H&S reveals a solid entry point on the 1D EMA for XLMUSD; looking very healthy — with consolidated priceaction pointing upward towards a $0.4895 a token.
- Ahmed T.
Peace && Love.