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Chibuike_Odoh
Jan 24, 2021 3:12 PM

XLMUSDT (STELLAR) - POSSIBLE PRICE ACTIONS  

Stellar / TetherUSBinance

Description

ANALYSIS 🔎
- XLMUSDT is printing a descending triangle pattern.
- Price is testing the descending triangle's inclined resistance.
- Price has been consolidating in a rectangular pattern at triangle's inclined resistance.
- A relatively big move in imminent.

POSSIBLE PRICE ACTIONS
Uptrend ⬆️: breakout above the rectangular pattern's horizontal resistance and the descending triangle's inclined resistance.
Downtrend ⬇️: breakdown below the rectangular pattern's horizontal support.

TARGETS 🎯
- Uptrend ⬆️: Horizontal resistance level (R1).
- Downtrend ⬇️: Descending triangle's horizontal support.
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