If XLMBTC pair will manage to break above the Resistance Zone which lies on the 100-days EMA and 0.0000333 resistance - that could be a sign the pair has found a bottom and now is going upwards.
Recently Stellar was giving signals of bottoming at the 0.0000275 level but then failed to break above the 0.000035 level perhaps because of profit taking.
Nonetheless, the pair did not go lower than 50% of the uptrend movement and gaining upward momentum now.
The break above the Resistance Zone will refute formation of Head And Shoulder figure on to of recent uptrend (a bearish sign). Hence, this will be the sign of the upward movement resumption.
Recently Stellar was giving signals of bottoming at the 0.0000275 level but then failed to break above the 0.000035 level perhaps because of profit taking.
Nonetheless, the pair did not go lower than 50% of the uptrend movement and gaining upward momentum now.
The break above the Resistance Zone will refute formation of Head And Shoulder figure on to of recent uptrend (a bearish sign). Hence, this will be the sign of the upward movement resumption.
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