XLM to follow ADA and rise 50% or more

9 giu 2020

For a more detailed analysis you can scroll down lower
Here is a summary of why I think XLM should pull a 50% ore more move here:
- 1 year accumulation zone
- Bullish volume in accumulation (strong volume when up inside the range, weak and declining volume when going down)
- Market structure shift on the weekly USDT chart
- 4 higher lows inside the range
- Very similar structure to ZIL and ADA before going up
- Weekl OBV and RSI looking like they are going parabolic

OBV and RSI very strong while price goes sideways
Nearly no resistance on weekly chart


Higher high close on the weekly indicating that a trend shift might occur, also 3 highs with alot of liquidity above them which will most likely trigger strong buying/short stops when above


Clear accumulationg range with volume signaling accumulation aswell


3 higher lows inside the range, happend the exact same with ZIL and ADA aswell