XLM Uptrend : Coinbase Addition & Mainnet Listing
Market Sentiment is growing Hour on Hour in favour of XLM at the potential of a Coinbase Listing this thursday and the lightening Mainnet on December 1st. Nouvive and Nouvive Intelligence sees the potential of a 31% Move up over the next 3 Weeks.
What does Nouvive Intelligence Say?
- The Coinbase Addition is MORE THAN LIKELY to occur this week – especially on Thursday where historically it happens on.
- The lightening Mainnet is for the 1st of December 2018.
- The run up of both the coinbase and main net listing will see a pump that could power XLM over $0.35 – A 31% increase in value.
What does the Technical Analysis say?
- $0.27 is the current support area to look out for – despite the increase in value – it has not breached this level yet – especially since Bitcoin over the weekend had poor momentum.
- The RSI Stochastic and the 15 MA illustrates that there is bearish momentum – however this is sharply disagreed by the Fundamental Driver news.
- The 1D higher time frame illustrates that a dump was rejected with the 55 and 90 MA’s crossing over – this could definitely see xlm HIT $0.30
- The MACD is ULTRA BULLISH.
- The lower time frames are bearish with the $0.271 volume gap needing to be filled. .
- Wyckoff’s theory illustrates that having broken out of its bullish triangle pennant, before re-testing the 15MA – this is a bullish cooling off period – before it retests $0.30.
Levels to Watch out for:
- $0.305 – 1st Take Profit
- $0.2743 – Support area
- $0.351 Take Profit 2
- $0.46 – Take Profit 3
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