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XLM formed huge pennant pattern - ready for new movement up?
Hello traders
Today we have XLMUSDT. On 4H chart we see that pennant pattern formed (pennant is symetrical triangle on the pole). Pennants are easy to predict, because breakout is usually in direction of pole. So here, price should go up again. BTC.D bounced at 62,6 to 64,4 and also BTC pumped. It will be important next hours and days what BTC will do. But if dominance manages to cointinue falling after this pullback, XLM may push up.
I will wait for breakout confirmation and then enter position. Watchout for breakouts carefully
TRADE WITH BRAIN, NOT GREED
Today we have XLMUSDT. On 4H chart we see that pennant pattern formed (pennant is symetrical triangle on the pole). Pennants are easy to predict, because breakout is usually in direction of pole. So here, price should go up again. BTC.D bounced at 62,6 to 64,4 and also BTC pumped. It will be important next hours and days what BTC will do. But if dominance manages to cointinue falling after this pullback, XLM may push up.
I will wait for breakout confirmation and then enter position. Watchout for breakouts carefully
TRADE WITH BRAIN, NOT GREED
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.
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.