🚨 $XLM GOLDEN CROSS INCOMING?
#STELLAR has been building on the fundamental front, BIG TIME!
October alone brought a massive wave of developments, from MetaMask adopting Stellar as a default network to Curve Finance's deployment, Chainlink integrations, Securitize's expansion and DTCC's tokenization roadmap.
But let's leave fundamentals aside for a moment. What is the chart telling us?
$XLMUSDT has been ranging between $0.1663 and $0.4258. However, that's not the most interesting part.
The RSI is pointing towards a potential golden cross, while the MACD is showing a bullish crossover.
XLM funding rates and Open Interest are moving in sync, with longs building alongside the bullish setup.
These are some of the conditions I've been watching for. Conditions that could help fuel the next major altseason.
My targets?
A breakout of this range could send XLM towards $1.20, with $4 remaining a bigger target on the horizon.
I'll share another set of Fibonacci targets for $XLM before the end of today. Promise made!
NOW, EMILIO, WHY ARE YOU SO DAMN BULLISH ON XLM?
Well, it boils down to ACCUMULATION.
$XLM is once again flashing an accumulation signal, with an accumulation score of 93.
What does accumulation mean?
It suggests coins are moving away from exchanges into longer-term holding. When fewer tokens are readily available for trading, selling pressure can potentially decrease.
Whales accumulating during periods of uncertainty is something I pay close attention to.
The fundamentals are expanding. Accumulation is building. And the technical setup is getting interesting.
I'm watching this one VERY closely.
LET XLM FLY! 🚀
#XLMUSDT #WithdrawalsBack: 15 networks live #BinanceUpdatesProofofReservesAddresses #BinanceToResumePhaseOneOfWithdrawals
#STELLAR has been building on the fundamental front, BIG TIME!
October alone brought a massive wave of developments, from MetaMask adopting Stellar as a default network to Curve Finance's deployment, Chainlink integrations, Securitize's expansion and DTCC's tokenization roadmap.
But let's leave fundamentals aside for a moment. What is the chart telling us?
$XLMUSDT has been ranging between $0.1663 and $0.4258. However, that's not the most interesting part.
The RSI is pointing towards a potential golden cross, while the MACD is showing a bullish crossover.
XLM funding rates and Open Interest are moving in sync, with longs building alongside the bullish setup.
These are some of the conditions I've been watching for. Conditions that could help fuel the next major altseason.
My targets?
A breakout of this range could send XLM towards $1.20, with $4 remaining a bigger target on the horizon.
I'll share another set of Fibonacci targets for $XLM before the end of today. Promise made!
NOW, EMILIO, WHY ARE YOU SO DAMN BULLISH ON XLM?
Well, it boils down to ACCUMULATION.
$XLM is once again flashing an accumulation signal, with an accumulation score of 93.
What does accumulation mean?
It suggests coins are moving away from exchanges into longer-term holding. When fewer tokens are readily available for trading, selling pressure can potentially decrease.
Whales accumulating during periods of uncertainty is something I pay close attention to.
The fundamentals are expanding. Accumulation is building. And the technical setup is getting interesting.
I'm watching this one VERY closely.
LET XLM FLY! 🚀
#XLMUSDT #WithdrawalsBack: 15 networks live #BinanceUpdatesProofofReservesAddresses #BinanceToResumePhaseOneOfWithdrawals
