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
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.