Market has been green over the past three days ! so good to see these kind of rallies after a long time.

Moving to the XLM chart ! here's the thing, the pattern you are looking in the above chart is known as cup and handle pattern. As we all know BTC had broken
it's range high in which it had been traded from the past 28 days, adding to this XLM had broken this cup and handle pattern and coming back to retest the breakout area.

Here's what i think, my final target calling is 11% up from hereon therefore target price falls under $0.119 to $0.123, when can you enter the trade? Ofc you can enter right now as it is trading at the local support but one thing to keep in mind is observe the volume if not you can wait for it to come towards the breakout zone, but make decisions accordingly and also not to mention that my stoploss is below the breakout area, i hope you know trade management so that if the breakout fails you can cut your losses.

Note : Anything provided here is not a financial advice, trade upon your own risk.

comment down the coin name you want me to analyse next !!


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.