XLMBTC is showing signs of a C&H pattern breakout similar to that of TRX's breakout rally. However, due to low volume, this breakout may not be well sustained, so make sure you set a stop-loss in case it rejects and pulls back. Although the Volume of the C&H doesn't match the pattern, we still get a clean saucer with some sideways accumulation for the 'Handle' before a clean break of the Resistance Level.
Please also take note that some other Altcoins are failing to complete their patterns. This signifies that there may be a pull-back in the markets like we recently saw. If so, be prepared to fall back to BTC > USDT.
Please also take note that some other Altcoins are failing to complete their patterns. This signifies that there may be a pull-back in the markets like we recently saw. If so, be prepared to fall back to BTC > USDT.
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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.