XLM agains the USD on the Weekly chart = 300% gains with R:R 16

Hello everyone,

After the succesfull breakout of inverted Head & Shoulders pattern on Daily chart as seen below
and 40% run up, I´ve decided to zoom out to see the possible setup for Weekly chart and it shows a opportunity for
300% gains with R:R 16 !

XLM is reaching it previous high as well as linear downtrend line resistance zone. If it can break it then further strong upward moove is expected and we can open a long position.
XLM is getting some nice accumulation past months and volume from last week is really nice too.

ChaChain
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Disclaimer:
I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.

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Trade active:

Looks like it is happening !

Comment:

XLM had clear technicals agains Bitcoin which is why will focus more on XLM/BTC pairing instead of the fiat pairing

Comment:

Stellar still looks very healthy on the Weekly chart. The volume is still there at least and price action is nice too

Comment:

This is old idea of a very long term XLM/USD perspective (still up to date)

Comment:

happening as expected and even faster

(Local trading setup target reached but I´m expecting higher targets in future as seen in the long term chart aboove)