Stellar XLM inverse H&S
Updated
XLM has been one the best/strongest coins of 2018, never dropping below the April lows. Looks like a very big triangle where we already broke out of. At the moment it looks like a inverse H&S but the right shoulder is still a weak one though!. So i would only buy it AFTER a break of the neckline, buying it here is asking for troubles.
If the 0.25ish breaks, i would use a 0.01 cent stop loss. If we see the neckline break and stay above it, the target will be around the green circle, long term is much higher because of the triangle.
If the 0.25ish breaks, i would use a 0.01 cent stop loss. If we see the neckline break and stay above it, the target will be around the green circle, long term is much higher because of the triangle.
Note
So the price has dropped a little bit, but no dumping though. So like some other alts it seems like they don't really want to drop. But for the inverse H&S to be in play, it should stay above that green support level. This slow sideways drop could be a bullish sign, but i would not do anything until it starts to move up and break that small channel from the past few days. Note
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