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A positive week for altcoins dragged by the positive performance of BTC, mainly due to the news of the purchase of 50M BTC by Jack Dorsey.
After the downtrend month that began on August 16, it seems that the value of XLM tried a rebound and then lateralized for a couple of weeks.
The FIB 78.6 level has been a very important accumulation point and if in the next few days there is not enough strength to reach the FIB 61.8 it seems likely a return towards the $ 0.075 level for a new period of low volatility.
Reaching $ 0.082 could trigger a new uptrend period that, following a small retracement, could push XLM to the August values.
In the first case it will be convenient to wait for periods of greater volatility for a successful strategy, in the second case you could wait for the confirmation of the uptrend to enter short on the retracement, or wait to enter long at the closing of the retracement.
A positive week for altcoins dragged by the positive performance of BTC, mainly due to the news of the purchase of 50M BTC by Jack Dorsey.
After the downtrend month that began on August 16, it seems that the value of XLM tried a rebound and then lateralized for a couple of weeks.
The FIB 78.6 level has been a very important accumulation point and if in the next few days there is not enough strength to reach the FIB 61.8 it seems likely a return towards the $ 0.075 level for a new period of low volatility.
Reaching $ 0.082 could trigger a new uptrend period that, following a small retracement, could push XLM to the August values.
In the first case it will be convenient to wait for periods of greater volatility for a successful strategy, in the second case you could wait for the confirmation of the uptrend to enter short on the retracement, or wait to enter long at the closing of the retracement.
