Hey friends, hope you are well and welcome to the new update on Stellar ( XLM )
XLM broke down the wedge:
On the weekly time frame, XLM has broken down a big wedge but the positive thing is that the stochastic has entered the oversold zone which is indicating that the market of Stellar is oversold now.
Another support:
On the daily time frame the XLM has found nice support at $0.255 and also likely to form a double bottom on this support.
Formation of a channel and triangle:
On daily time frame the priceline has formed a down channel and after some accumulation Stellar has also formed a descending triangle as well. The movement is squeezed, therefore, soon the priceline can break this triangle.s
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
XLM broke down the wedge:
On the weekly time frame, XLM has broken down a big wedge but the positive thing is that the stochastic has entered the oversold zone which is indicating that the market of Stellar is oversold now.
Another support:
On the daily time frame the XLM has found nice support at $0.255 and also likely to form a double bottom on this support.
Formation of a channel and triangle:
On daily time frame the priceline has formed a down channel and after some accumulation Stellar has also formed a descending triangle as well. The movement is squeezed, therefore, soon the priceline can break this triangle.s
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.