This rise in XLM was definitely a breakout towards a new pattern.
As you can see whenever XLM hits a double top there will be usually a moment of downwards movement
The first two circles are more accurate then the last two (more recently)
At the third circle we see another wave down, but a small one.
I expect another small dip coming days, hopefully towards point (1=3355 satoshi).
Point (1) is a important indicator if XLM will stay bullish the coming days. If it holds then I see a small rise towards (2=3500/3557)
Eventually break through the red cloud: 4700+ satoshi
Forming a cup for a potential Cup and Handle
If XLM won't hold 3355 satoshi, I see another support level around ~3100 satoshi
Max bottom around 2700 satoshi if things escalate badly
As you can see whenever XLM hits a double top there will be usually a moment of downwards movement
The first two circles are more accurate then the last two (more recently)
At the third circle we see another wave down, but a small one.
I expect another small dip coming days, hopefully towards point (1=3355 satoshi).
Point (1) is a important indicator if XLM will stay bullish the coming days. If it holds then I see a small rise towards (2=3500/3557)
Eventually break through the red cloud: 4700+ satoshi
Forming a cup for a potential Cup and Handle
If XLM won't hold 3355 satoshi, I see another support level around ~3100 satoshi
Max bottom around 2700 satoshi if things escalate badly
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.