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Pennant

XLMUSDT - THE DOWNTREND MAY PERSISTSymbol - XLMUSDT XLMUSDT is currently entering a correction phase following an attempt to establish an uptrend. The price is breaking key support levels due to a shift in market structure and the ongoing correction in Bitcoin. As Bitcoin undergoes a corrective phase, it is exerting additional pressure on the already fragile altcoin market. This bearish sentiment is partly fueled by the disappointment within the cryptocurrency community, stemming from the lack of mentions regarding cryptocurrencies in President Trump’s recent speech. The market is attempting to process this development as part of the broader corrective phase. From a technical perspective, XLM is breaking through its ascending support within the broader descending channel, indicating continued bearish pressure. Key support levels: 0.4175, 0.3895 Key resistance levels: 0.4600, 0.4955 Attention is focused on the previously breached channel boundary and the support level at 0.4177. The price may retest this broken channel boundary before potentially declining further. However, a sustained breakdown and consolidation below 0.4177 could trigger increased selling activity.
Short
by akshit_official
AWHCL: A bullish pennant breakoutAWHCL has recently exhibited a breakout from a bullish pennant pattern on the daily chart. The breakout from the bullish pennant pattern is characterized by a significant price movement beyond the upper boundary of the pennant. This breakout is often seen as a signal of a strong buying interest and can lead to sustained upward price action. The stock has closed above the previous week's high, a critical technical level that reinforces the positive outlook. This closure suggests increased buying pressure and establishes a strong foundation for potential growth. AWHCL presents an attractive opportunity within the demand zone of 760-770. This area has historically demonstrated robust buying interest, indicating a potential reversal or support point for the stock. Based on current price action, the next discernible supply zone is projected to be around the 899 level. This zone may act as a resistance point where profit-taking could occur, thus requiring careful monitoring as the stock approaches this area. Based on the technical setup, AWHCL has the potential for an approximate 15% upside from the demand zone. A prudent stop-loss level may be below 731 to mitigate risk in case of adverse price movement. Disclaimer: The information provided in this technical analysis report is for informational and educational purposes only and should not be interpreted as financial advice. Investors are encouraged to conduct their own comprehensive research or consult with a financial advisor before making any investment decisions.
NSE:AWHCLLong
by NiftyNotion