BINANCE:XLMBTC is no stranger to the market. This project that has been deemed as a part of the set that will help pioneer & propel cryptocurrency when adoption period comes. XLM saw an unsurprising near-parabolic price ascension in 2017. Despite optimism & positive outlook towards the project, its value could not be retained during the early-2018 alt coin crash. Late March provided signs of recovery which prompted speculation of potential redemption or false recuperation in all alt coins. XLM is at a potential critical crossroad that will determine strong recovery or continued drop.
- T&K Bull cross (wide gap higher likelihood of sustained nature)
- Price-T&K Bull cross (unconfirmed stability due to recent development)
- Price-Cloud position (currently unreliable due to history of false breakout during correction period)
- Green Cloud buying pressure upcoming
CAUTIONS & CONFIRMATION
- Fib@0.618 critical resistance
- possibility (price drop if Fib@0.618 unsuccessfully challenged w/bearish sentiment overwhelming buyers)
- caution warranted due to history of false growth followed by further significant price decline
Entry at confirmation of price cross at critical resistance w/sustained growth. Additional position will be added to average down on existing positions.