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XLM Falling Wedge Could Rise 135% to .95 On Bullish Break!
Here I have XLMUSD on the Daily Chart.
Low - .089449
High - .63445
Since the High, Price has been forming a Falling Wedge where we see Price Retraced to the Golden Ratio Zone @ .31339 where it tested the Falling Support then to find more Support at the 50% Fibonacci Level to now be currently Testing the Falling Resistance!
If Price can generate a Bullish Break and continue finding Support, then I believe the prior 608% Price Increase we saw over November, could suggest a Potential 135% Price Increase to the .95 - $1 Area on a Bullish Break!!
Indicators:
-RSI Above 50
-BBTrend Printing Green Bars
-Bullish Volume Building
XLMUSD on the Daily Chart.Low - .089449
High - .63445
Since the High, Price has been forming a Falling Wedge where we see Price Retraced to the Golden Ratio Zone @ .31339 where it tested the Falling Support then to find more Support at the 50% Fibonacci Level to now be currently Testing the Falling Resistance!
If Price can generate a Bullish Break and continue finding Support, then I believe the prior 608% Price Increase we saw over November, could suggest a Potential 135% Price Increase to the .95 - $1 Area on a Bullish Break!!
Indicators:
-RSI Above 50
-BBTrend Printing Green Bars
-Bullish Volume Building
"An investment in knowledge will pay the best interest." - B. Franklin
Novi_Fibonacci
Novi_Fibonacci
"An investment in knowledge will pay the best interest." - B. Franklin
Novi_Fibonacci
Novi_Fibonacci
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