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R.Linda Trading - forecast

XLMUSDT - Retest of the resistance zone

2023-03-28 07:14 CRYPTO forecast

XLMUSDT after a false breakdown of the liquidity zone comes out of the wedge upwards and forms a momentum. Price is testing resistance at 0.0959 and confirms the limit zone. What's next?

Next we have a pre-breakdown consolidation and retest resistance at 0.0959. There is a chance to break through the resistance area . In this case the bulls will have the potential to grow towards 0.1400.

I expect breakout of the resistance at 0.0959 on the retest. The short-term target is the resistance at 0.1160, the medium-term target is the liquidity zone at 0.1400.

Regards R.Linda!

R. Linda

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