XLM is trading under 20-day EMA , BOTH 20-day EMA and 38.2 percent Fibonacci retracement level react as strong resistence. If XLM can't succeed to break above the 20-day EMA we expect a rally towards the uptrend shown on the charts and thereafter to $0.30 level. We excpect these two levels offer good buy set ups .
On the upwards, If it succeeds to break above the 20-day EMA it will go to $0.72 which is 61.8 percent Fibonacci retracement.
On the upwards, If it succeeds to break above the 20-day EMA it will go to $0.72 which is 61.8 percent Fibonacci retracement.