Currently we have a buy signal but we shall remain on the sidelines until we see a push and break above that
minor resistance trend line at $ 150.
While the general XLM sentiment is bearish, buyers can find some momentum especially if prices break and close above the
minor resistance trend line and the middle BB.
You often mention that with channel support or
resistance trend lines, price needs to touch the level at least three times before it breaks through... is this the same with price «retesting» a level?
It also comes with projected price targets based on the breakout of support or
resistance trend lines.
NEOUSD TECHNICAL ANALYSIS Major
resistance trend line was broken on 24.09.2017 and confirmed yesterday when that bullish candlestick was printed.