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FieryTrading
Jan 19, 2021 4:31 PM

XLM/USDT Bullish Triangle Break Out Long

BINANCE:XLMUSDT240
Stellar / TetherUSBinance

Description

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XLM is on the verge of breaking out of the bullish triangle. With all large caps seeing strong momentum, this could only be the start for XLM.

I've marked two areas of potential resistance on the chart, R1 and R2. For now, these areas are our main targets for the current trade.

Happy trading!
Trend AnalysisTechnical IndicatorsChart PatternsXLMusdtBTCBitcoin (Cryptocurrency)cryptoalltimehigh
Comments
ErotAphrodit
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So Now ?
the price is under 0.28
What to do ?
BigLava
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Great setup thanks for sharing!
FieryTrading
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@BigLava, Much appreciated👌
TheSignalyst
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waiting for that breakout to jump in right?
FieryTrading
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@TheSignalyst yes sir, seems it's on its way!
ProjectSyndicate
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alright this is in-line with my forecast as well. excellent!
FieryTrading
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@ProjectSyndicate nice one!
alin03
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Does that recent failure to break the resistance at 0.3184 affect your forecast?
FieryTrading
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@alin03, Nope, the 0.32 still holds as a resistance. When that's broken I can see XLM reaching much higher.
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