moon333

XLMBTC is ready for long-term bull run

Long
BITTREX:XLMBTC   Lumen / Bitcoin
Re-testing wedge:
XLM with US Dollar pair, after breaking out from the wedge on the weekly chart, the priceline has re-tested the resistance of wedge and support and the long-term breakout has been confirmed.

BULL FLAGE and testing EMA supports:
On the daily chart , the priceline has formed a bull flag and being consolidated. In the meanwhile, the XLM is also testing the EMA 10 and 21 as supports.

SMAs on weekly chart bitcoin market:
With Bitcoin pair, on weekly chart, the priceline of Stellar is breaking out the 50 simple moving average then there will be 100 and 200 SMA resistance levels.

Ichimoku cloud:
On the same weekly chart, with Bitcoin pair, the price action of Stellar is moving under an Ichimoku bearish cloud for a long time. Now the cloud has turned weak and it can breakout the cloud at any time for a powerful bullish rally.

Long-term big harmonic moves:
On long term-two week chart the price action of stellar has formed a bullish Butterfly:

And on 2-month chart, it has formed a big BAT pattern and entered in potential reversal zones of both patterns.


Conclusion:
XLM needs a breakout of weekly 200 SMA and the bearish cloud as soon as possible to start the long-term bull run. The harmonic moves are indicating that the breakout is very much confirmed.

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Comments

detailed overview and great harmonic pattern setup. upvoted to support you!
Reply
You're right on target
Reply
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