The massive bull run of december 2017 created a solid flagpole for this pattern, this move up was followed by a consolidation period over this year where the price has been squeezing and a possible beakout is coming.
Allthough volumes are low in the crypto markets many altcoins are showing very positive moves, and XLM could be the next one.
I am not sure if the time scale invalidates the pennant pattern, I am a newbie and this is my first idea published. All comments are welcome.
Happy trading & good luck.
-Magnet4r
Allthough volumes are low in the crypto markets many altcoins are showing very positive moves, and XLM could be the next one.
I am not sure if the time scale invalidates the pennant pattern, I am a newbie and this is my first idea published. All comments are welcome.
Happy trading & good luck.
-Magnet4r