XLM price prediction for the rest of 2018
The 6 hour timeframe of Stellar Lumens is shown in this analysis using a log scale.
Price action ever since January 26 this year has remained in a side trend that is best described as a symmetrical triangle chart pattern.
Eventual breakout of the ~10 months chart pattern could see the price of Stellar Lumens collapse on a confirmed downside breakout or move up significantly on a confirmed bullish breakout.
In either case, the width of the triangle is key in estimating a minimum projection for the price of Stellar Lumen upon breakout.
Price action ever since January 26 this year has remained in a side trend that is best described as a symmetrical triangle chart pattern.
Eventual breakout of the ~10 months chart pattern could see the price of Stellar Lumens collapse on a confirmed downside breakout or move up significantly on a confirmed bullish breakout.
In either case, the width of the triangle is key in estimating a minimum projection for the price of Stellar Lumen upon breakout.
Related publications
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.