CM_Trades

XLM testing resistance after ZRX listing!

Giá lên
BINANCE:XLMBTC   Stellar / Bitcoin
XLM continues to have a good day as the ZRX listing has poured over to all the Coinbase linked coins. After printing a blue momentum candle, it was followed today by a CRUP green candle, which is very bullish if its closes this way. Both EMAs have turned up sharply and have started to trend higher just as they looked crossover bearish.

A possible area we could bounce off of is the 3865 area where a pullback back down to the bottom of this zone is a decent spot to look for buyers to step in. We have moved quite a bit already so waiting for things to cool-off could be the smarter play here barring any announcement from Coinbase.

Thanks guys

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