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thecryer

XLM Perfect Triangle

Long
Stellar / TetherUS (BINANCE:XLMUSDT)  
thecryer Updated   
BINANCE:XLMUSDT   Stellar / TetherUS
Trend Analysis Harmonic Patterns Chart Patterns STELLAR stellarlumens XLM XLMUSD xlmusdt stellarusd STELLARLUMEN stellardollar
11
7
trendanalysis harmonicpatterns chartpattern stellar stellarlumens xlm xlmusd xlmusdt stellarusd stellarlumen stellardollar
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 :

Stellar XLM fast analyse
Comment:
May 16

XLMUSDT under the law of Fibonacci
Comment:
Demand Zone :

snapshot
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.

snapshot
Comment:
Finally broken down this triangle.

snapshot
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