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A trend is your friend...... until the end.

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It is uncanny how well XLM is repeating 2014. We've tested support 3 times, which isn't great in itself and it now seems we're in a descending triangle. If XLM holds support beyond October 15th then the 2014 pattern is broken. Otherwise expect a 60-70% pullback.
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Still inside symmetrical triangle that began as a bearish trend, that means we're still bearish.

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Symmetrical triangle continues to hold form.

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Broken down sooner than I expected... a pattern that has been finding support for many months has now failed.

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Journey to long term trend line about to begin...

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We're in free fall now - On this weekly chart a breakdown of the symmetrical triangle occurred a lot sooner than I expected, which is a good sign, hopefully that'll mean a recovery will mean we don't wait until October.

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Continuing weakness for XLM, another Head & shoulders forming with crossing Stochastic to the downside and weakening RSI on this 3-day chart.

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Almost there....

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without_worries
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy

Weblink: patreon.com/withoutworries

Allow 3-6 months on ideas. Not investment advice. DYOR
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Triangle

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Triangle
without_worries
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy

Weblink: patreon.com/withoutworries

Allow 3-6 months on ideas. Not investment advice. DYOR
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.