XLM Perfect Triangle

2020년 12월 3일

Everything in graph. H2 Timeframe.

1. we have Bullish Pennant Pattern formation
2. we are supported by EMA50 (Orange Line) H2 TF
3. we are on top of Daily pivot

Scenarios :

1. bad
Breadown this pattern and XLM will back around support 0.15ish

2. good
Breakup this pattern and fly to 0.25ish Resistance 1 and retrace

3. very good
Breakup this pattern and fly to 0.30ish Resistance 2 and retrace

So now we just have to follow King BTC moves to see where Stellar is leading us.
in any of this cases i recommend you to be patient in that kind of area and wait for a Breakdown or Breakup to enter any position.

Happy Tr4Ding !

2020년 12월 3일

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Take the time to check my old XLM analyses to understand everything

November 1 :

2020년 12월 3일

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May 16

2020년 12월 3일

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Demand Zone :

2020년 12월 3일

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2020년 12월 4일

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it looks like a break down but have to wait to finish Daily candle to get a real confirmation. we are still supported by EMA50 on H4 TF.

2020년 12월 4일

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Finally broken down this triangle.