A while back I posted how $LSE:XLM has maintained a rise in price similar to the fractal from the initial bull run.
Here below we have the dark pink fractal, green fractal and yellow fractal; all are clones of the 1st bull run.
What we see is the dark pink fractal concluding with a top about the same time the markets topped.
The green and pink fractals are placed at different support levels because I couldn't be sure which level would be more appropriate.
However, they both suggest a top around July-Sept. at a price level above 2.5.
I've also included a light pink fractal of just the legs of the bull run in case we have a similar two peaks like the first bull run, the final top would take the price above $20 and top around Mar.2025.
Obviously, past price action is not a guarantee of future movements but it's interesting to see price obey the fractal when it's approaching the final top.
I'm obviously sticking with $LSE:XLM to see if it plays out are previous times, or better.
Are you?
Here below we have the dark pink fractal, green fractal and yellow fractal; all are clones of the 1st bull run.
What we see is the dark pink fractal concluding with a top about the same time the markets topped.
The green and pink fractals are placed at different support levels because I couldn't be sure which level would be more appropriate.
However, they both suggest a top around July-Sept. at a price level above 2.5.
I've also included a light pink fractal of just the legs of the bull run in case we have a similar two peaks like the first bull run, the final top would take the price above $20 and top around Mar.2025.
Obviously, past price action is not a guarantee of future movements but it's interesting to see price obey the fractal when it's approaching the final top.
I'm obviously sticking with $LSE:XLM to see if it plays out are previous times, or better.
Are you?
Nota
Looks like the 30 min TF is showing MVA flipping from resistance to support, is this the start?
Nota
And here comes the STATS to back up the fractals...funding rates are positive...here we go!tradingview.com/news/beincrypto:ef9069b81094b:0-stellar-xlm-anticipates-strong-recovery-here-s-why/
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.