XLMUSD has been one of the strongest performers of the past 2 months. Proof of that are the Higher Lows printed on 1D since Sept 11, that have created an ( = 55.984, = 0.007, Highs/Lows = 0.000 ) with 0.3053 as its Resistance. If the price rebounds on a new Higher Low near 0.2325, then it will most likely test the 0.3053 Resistance. Otherwise it may test the 0.18020 Low again. Note that this is a medium/ short term pattern. In order for XLM to restore a longer term buying sentiment, the 0.3523 Lower High on 1W needs to break.
** If you like our free content follow our profile (https://www.tradingview.com/u/InvestingScope) to get more daily ideas. **
Comments and likes are greatly appreciated.