Today I want to make out an XLM coin for you.
And so, let's get started: first I want to make out 4H TF for you, opening it I saw the pattern “cup with handle” - the price moves along a concave arc and forms a semicircle (cup).
The handle is formed immediately after the bowl, on the right side. After the formation of the handle is completed, a breakdown of the resistance line occurs and the trend continues its upward movement.
If you bring the situation closer and stretch the Fibonacci grid, we are at the level of 0.618 which we tried to stay 3 times.
Having broken through the resistance of this figure, the price should rush upward at a distance equal to the depth of the cup.
The cup was drawn. It remains to finish the pen and there should be growth.
Open trades after breaking through the level.
P.S Friends, support this idea with your like and any comment.
This will be the biggest thank you for my work ❤️
And so, let's get started: first I want to make out 4H TF for you, opening it I saw the pattern “cup with handle” - the price moves along a concave arc and forms a semicircle (cup).
The handle is formed immediately after the bowl, on the right side. After the formation of the handle is completed, a breakdown of the resistance line occurs and the trend continues its upward movement.
If you bring the situation closer and stretch the Fibonacci grid, we are at the level of 0.618 which we tried to stay 3 times.
Having broken through the resistance of this figure, the price should rush upward at a distance equal to the depth of the cup.
The cup was drawn. It remains to finish the pen and there should be growth.
Open trades after breaking through the level.
P.S Friends, support this idea with your like and any comment.
This will be the biggest thank you for my work ❤️
Telegram Channel⏩ t.me/AleksDoo