thecryer

XLM Perfect Triangle

Long
BINANCE:XLMUSDT   Stellar / TetherUS
Everything in graph. H2 Timeframe.

1. we have Bullish Pennant Pattern formation
2. we are supported by EMA50 (Orange Line) H2 TF
3. we are on top of Daily pivot

Scenarios :

1. bad
Breadown this pattern and XLM will back around support 0.15ish

2. good
Breakup this pattern and fly to 0.25ish Resistance 1 and retrace

3. very good
Breakup this pattern and fly to 0.30ish Resistance 2 and retrace

So now we just have to follow King BTC moves to see where Stellar is leading us.
in any of this cases i recommend you to be patient in that kind of area and wait for a Breakdown or Breakup to enter any position.

Happy Tr4Ding !
Comment: Take the time to check my old XLM analyses to understand everything

November 1 :

Comment: May 16

Comment: Demand Zone :

Comment:
Comment: it looks like a break down but have to wait to finish Daily candle to get a real confirmation. we are still supported by EMA50 on H4 TF.

Comment: Finally broken down this triangle.

Comments

interesting chart. lets see if it could break upward or drop to our support area
+1 Reply
thecryer bestfarbit74
@bestfarbit74, yes bro right now BTC pushed a lot, we are in momentums and the greed is high. have to be very carefull..
+1 Reply
@thecryer, sure
+1 Reply
Looks like its breaking down??
+1 Reply
thecryer RickDeutsch
@RickDeutsch, everything is fast with cryptos :D sometimes it looks weak and fly up. sometimes looks strong and crash down. have to wait no choice :D
+1 Reply
I like that !
+1 Reply
thecryer eveltonmatos
@eveltonmatos, thank you!
+1 Reply
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