new projections for XLM bullish continuation
Drawing some simple parallel lines to the earlier resistance, we are simply projecting out a repeat of the pattern here.
We see new targets emerge, the first for a resistance check on the parallel from the last resistance, and then a return to the trendline which may break out of the newly formed wedge again and into the upper 1800's, low 1900.
Very similar targets to previous projections, but less bullish in outlook : We haven't solidly closed above, then retested and found support at the earlier bullish trendline. But it's very close.
We see new targets emerge, the first for a resistance check on the parallel from the last resistance, and then a return to the trendline which may break out of the newly formed wedge again and into the upper 1800's, low 1900.
Very similar targets to previous projections, but less bullish in outlook : We haven't solidly closed above, then retested and found support at the earlier bullish trendline. But it's very close.
Comment:
Hah! I see what went wrong here. Zoom out for targets!
Comment:
Target 1 : 1240
Down to 1125-1140 for another breakout attempt to the 1850-1950 area.
Down to 1125-1140 for another breakout attempt to the 1850-1950 area.
