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weslad
Nov 3, 2018 8:39 PM

XLMBTC trading opportunities Long

Stellar / BitcoinBinance

Description

Stellar Lumens breakout from symmetrical triangle pattern and attempted re-test which follow with bounce.

Price trading in Ascending pattern which expected to break up in bullish way. Oscillating Indicator also shared same trading pattern with the chart.

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XLM has been holding firm even during the massive drop of BTC, but the question is will it break 0.00004470 zone. All eyes should be on that price range. If we see any reversal pattern there, that will likely take us down to re-test0.00003850 level.

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Price has established a rising wedge pattern with price bounced off the bottom level of the trendline.

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Price hitting triple bottom which forming strong support here we expect price to rally back up to test at least previous top.

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Bullish falling wedge formation

Comments
WBM_Team
Thanks for the analysis. Here is our https://update.https://www.tradingview.com/chart/XLMBTC/iJtBaolI-XLM-Stellar-Double-bottom-formed-10-gain-within-days/
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