PMI_DATA
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#Stellar’s Price
#XLM
$0.3747
pullback has reached the 50% Fibonacci retracement level of $0.37, which is likely to attract buyers.
A bounce off the current level is expected to face selling at the 20-day SMA ($0.44). If the price turns down from the 20-day SMA, the risk of a drop to the 61.8% retracement level of $0.34 increases.
The first sign of strength will be a break and close above the 20-day SMA. That opens the doors for a retest of the $0.52 level, where sellers are expected to step in. If the price turns down sharply from $0.52, the XLM/USDT pair could enter a period of consolidation.
#PMI_DATA #TrumpTerifes
$XLM
#XLM
$0.3747
pullback has reached the 50% Fibonacci retracement level of $0.37, which is likely to attract buyers.
A bounce off the current level is expected to face selling at the 20-day SMA ($0.44). If the price turns down from the 20-day SMA, the risk of a drop to the 61.8% retracement level of $0.34 increases.
The first sign of strength will be a break and close above the 20-day SMA. That opens the doors for a retest of the $0.52 level, where sellers are expected to step in. If the price turns down sharply from $0.52, the XLM/USDT pair could enter a period of consolidation.
#PMI_DATA #TrumpTerifes
$XLM
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