XLM - Broke Resistance But Halted By The 50MAXLM bounced off the Blue Support Bar and pushed out of the Red Extended Resistance Trend Line.
It has now been met by the 50MA, and if XLM Bulls still have more steam to push upward they will be met by Purple Resistance Bar.
XLM pushing further upwards past the Purple Resistance Bar could fulfill a measured move to 0.36 which is about a 17% rise (minimum price target).
MACD: Bullish Divergence
RSI: Now above the 50% Level (Bullish)
If XLM gets rejected at the 50MA, the Red Extended Resistance Trend Line is the area of expected area to look for support.
Price action is KING!
More power to all your trades, my friends!
Ron
Intrepid_Trader