VaidoVeek

STELLAR (XLM/USD) - Inverted Head & Shoulders

BITFINEX:XLMUSD   XLM / Dollar
The price has drawn to us a bullish chart pattern called Inverted Head & Shoulders .
It is a bullish chart pattern and the pattern actually is triggered - it has a breakout from the neckline.
Right now, it makes a retest and if the BTC holds and the market doesn't start to panic then this would be a pretty nice spot where to enter into the Stellar , but sadly the BTC price drifting on the edge and can't read out from the price action certain directions but still BTC has more bearish signs than bullish , so, let's see.

If the price starts to come down even more then the perfect entry area would be $0.1

From the technical perspective, this level should be pretty strong, add here some fundamentals, watch closely what BTC does, do Your own research, etc.

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Have a nice weekend,
Best regards!


*This information is not a recommendation to buy or sell, it is used for educational purposes only!
Stellar is a true monster, a Leviathan that is soon to be awaken!
+3 Reply
VaidoVeek cryptozwerg
@cryptozwerg, Actually, technically it looks pretty good ;)
+2 Reply
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