XLM maintains prices near the 0.6260065 point.
The most important thing to think about is whether you can climb above the "Trend line started at the high point".
In order to rise above the downtrend line, the price would have to remain above 0.06727739.
The priceline of XLM / US Dollar cryptocurrency is forming last leg of bullish Cypher pattern and soon it will be entered in potential reversal zone insha Allah.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
We have strong support of 100 simple moving average within PRZ area.
Volume profile is showing less...
XLM has a great setup here. You can see the rounded bottom it has formed since last month. It has reset the RSI from the previous pump and is forming a right shoulder of an inverse head and shoulders pattern. I think we may see big volume like we did last time and hit our target pretty quickly if this takes off. I'm entering here and buckling up!
Did my idea...
Looking at the chart, we can draw two patterns, albeit opposites. The first one is the Bullish Gartley, shown in dark color, indicates XLMUSD is about to pump. The second one is the potential Cypher Pattern, although bearish, indicates that XLMUSD needs to pump in order to complete the pattern and reverse trends after that. This means, XLMUSD will experience a...
Priceline of XLM / US Dollar cryptocurrency has formed a bullish Gartley pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 0.05884816 to 0.05789023
Sell between: 0.05960227 to...