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Magnet4r
Nov 3, 2018 2:04 AM

Pennat pattern in the daily chart of XLM/BTC Long

Stellar / BitcoinBinance

Description

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
Comments
UnknownUnicorn493766
not a bad effort
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