Stellar/ XLM has formed a neat symmetrical triangle, with the price now targeting the upper edge of the triangle at 0.238.
This triangle is within a broader trading range and so can’t be seen as a continuation or reversal pattern. A convincing breakout will target the top of the range at 0.33 or the bottom of the range at 0.18. That's where the important tests will occur.
This triangle is within a broader trading range and so can’t be seen as a continuation or reversal pattern. A convincing breakout will target the top of the range at 0.33 or the bottom of the range at 0.18. That's where the important tests will occur.
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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.