Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.3413). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . XLMUSD is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic...
We can see the movement of the chart forming an ARC Structure indicating the movement of XLM To the upward Side
Stellar forms a falling channel pattern where the price is moving within 2 trend line. If it breaks the pattern with a good volume we can see a healthy bullish move
XLMUSDT has formed a Falling Wedge with 4 rejection at the Resistance and 3 Rejection at the Support. Meanwhile we see a Divergence in RSI which indicates a potential uptrend. There might be the 5th Rejection at the Resistance also or it might just break above the Resistance and goes higher. If we get the 5th Rejection at the Resistance then a Pullback to 0.283 is...
Trading Signal: A Trading Signal is seen in the XLMUSDT Stellar Traders can open their Buy Trades NOW ⬆️Buy on downtrend breakout or Buy on 0.283 ⭕️SL @ 0.26 🔵TP1 @ 0.352 🔵TP2 @ 0.434 🔵TP3 @ 0.53 If you liked our ideas, please support us with your likes 👍 and comments .
XLM is at the bottom of triangle pattern, soon can do breakout. Should buy some and hold it for good gains.
Stellar(XLM) has formed a Cup Pattern in 15 mins time frame. Entry could be at the place where the candle broke the resistance line and SL below the resistance line(depending upon the capital you have employed). Keep a fixed target. Just published as part of my analysis. Would be glad to know if there's any correction to be made.....:)