XLM is trading higher after it breaks its yellow bear channel. The token is currently fighting to establish above its previous 0.1212 peak. Once it manages to stay above, next level to defend for the bears is 0.131. This is quite a tough level which will ask more juice to break. The rise is impulsive as shown by the 5 wave advance sequences, but waves are short, momentum stays weak and technical Stoch is not far from crossing from overbought territory. This makes us being short term cautious.
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The TTH team is pleased to announce the grand opening of its Slack team. You will share trading ideas with our community, improve your trading skills, benefit from live intraday technical analysis and strategies. Video sessions with TA teaching and concrete cases are on the agenda too.
Welcome bonus with a free trial
Link to the : Slack team
If you want a preview of our analyses,
follow us on Twitter
follow us on : Facebook
follow us on : LinkedIn