XLM/USDC – (BUY) XLM approached 0,2830 and keeps upside potential to 0,3780 and 0,80
Traduction faite par Deepl pro
Market & Ticker: Stellar – XLM/USDC
Date: 18/11/2024
Horizon / Timing: Tactical Mid-term / 1 to 3 months
Scenario:
According the recent result in US election (trump), we do expect a larger XLM – Stellar adoption abroad pushing the Stellar token to next upside potential.
As long as 0.1650 on a long run a larger move is expected to 0,2830 before 0,3780
Update : The first resistance at 0,2830 is almost reached, support is adjusted at 0,1650
Technical Key Elements:
- Auto similar move potential shows target at 0,3780
- RSI indicator already confirmed the bullish momentum and keeps potential to the upside
- The Moving average are support
- Fibonacci key support is adjusted at 0,1650 while the Elliot wave shows upside potential towards 0,3780 and 0,80
Trade Idea conclusion: Buy
Target 2: 0,80
Target 1: 0,3780
Tactical support: 0,1659 (Daily close)
Chart: Daily Basis (Candle Stick) - Logarithmic
Indicators: Exponential Moving Average (21/34/89) - RSI (21)
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