XLMUSD Lumen
A small reverse head and shoulders with about 15% of upside
to a minimum target at 508 once 445 is re-taken and held
with stops below the neck-line when broken. It should then
rally to the upper parallel where can look to take profits once
this triggers.
Until then this is still vulnerable to further sell offs - but
slowly resistance looks to be getting ground away and
eventually this is looking likely to pop to the upside again.
Should be worth following when it does. But not until, unless
it flips back down to the lower parallel first, which at this
point looks unlikely.
A small reverse head and shoulders with about 15% of upside
to a minimum target at 508 once 445 is re-taken and held
with stops below the neck-line when broken. It should then
rally to the upper parallel where can look to take profits once
this triggers.
Until then this is still vulnerable to further sell offs - but
slowly resistance looks to be getting ground away and
eventually this is looking likely to pop to the upside again.
Should be worth following when it does. But not until, unless
it flips back down to the lower parallel first, which at this
point looks unlikely.