A few days ago I posted a analyze on Stellar!
Check it in the link below if you didn't see it already!
In that post I've discussed some of the main things you should consider before you enter a trade and also I did upload my technical analysis on XLM. Since the day I've posted it some very interesting things have happened with all cryptos!
BTC hit all time high and as it follows all other cryptos started a bullish move.
Anyhow, Stellar was one of those pairs as well, going up for about 15%! That is a significant percentage.
If you compare the charts that are posted below with those that have been posted a few days ago in my other post, you'll be able to see the significance of technical analysis.
Let me show you why!
Previously I've mentioned that we have created a bullish pennant in the Daily TF which indicates another bullish movement very soon.
Stellar found it's support on the 0.1516 area and from there stellar created a bullish channel showing clearly and beautifully the HH (higher highs) and HL (higher lows).
Right Now!
Price is finding support 0.1824 area after it was rejected to go any higher than 0.208. What I'm expecting right here is another HH (higher high) breaking and retesting 0.208 and reaching our profit zone at 0.236!
Happy trading!
Let me know what you think about Stellar.
theatdhe!
