Buy Limit 208.00
Stop Loss 198.00
Doji star with 2 gaps is formed at support line. It just reached 0.618 Fib retracement level.
Many NASDAQ stocks have similar formations, which means that the market is turning uptrend
S&P500, DJI and NASDAQ are at important support level.
RSI went down too quickly. It means an imminent up in price.
I will give a sell...
My suggestion is to buy as soon as it breaks again the resistance level at 0.0035
Sell half of position at 0.0048 and hold the second half till 0.0078
Why to buy it now?
-The price is above MA18
-Triangle pattern breakout
-The price broke yesterday an important resistance level.
On the graph you can see how the price is moving through the channel.
Buy area is 0.00005000-0.00005100. Put the stop loss at 0.00004500
After the break out on 24th january, the resistance level at 0.00005 became a new support level.
Stoch RSI shows us that XLM is oversold.
On the daily chart we see that the price will break out the triangle pattern very soon.
The MACD crossover indicates the trend reversal
It seems that the price will go up to resistance level (≈13 000) and afterwards go back to support level (≈10 000)
