A gap Down opening was seen on 08th of Sep 2021 in the pair which led to negativeness, At Lower Inside candle breakout was seen which has led the stock to move upside near the upper resistance of the window. The windows upper line will act as a strong resistance in coming days; If the crypto is able to sustain above the window we can expect the move to be strong.

We are expecting the crypto to sustain above the window and the move to be higher till 0.53, The crypto is trading above the 50day EMA , The EMA is indicating an upward move.

The Crypto has recently closed above the ICHIMOKU CLOUD indicating positiveness.

The DMI+ is trading above the DMI- which suggests the trend is positive and the ADX is trading just below the DMI-, once the ADX trades above the DMI- we will get the strength to the move.

Advice : Buy If the close is above the Resistance for 2 consecutive day

XLM/USD

Oct 17 2021