XLM BREAKING OUT OF DESCENDING WEDGE. BULLISH
Updated
ABOVE HERE WE HAVE A CLEAR CANDLE BREAKING AND CLOSING ABOVE THE RESISTANCE THAT WAS CREATED BY THE MOST RECENT HIGH. XLM HAS BEEN REPEATING A SIMILAR PATTERN AFTER EVERY LEG UP THAT ENDS UP TAKING ABOUT HALF THE TIME OF THE PREVIOUS ONE UNTIL BREAKOUT.
I just realized caps on lol, oops!
XLM has been moving within this channel since November of last year, if we break above, then we are headed towards the 1.618 fib which is $0.73, then if the white energy is there then we can go up to $1.12, fib 2.618.
Regardless if we break out of the channel, I think we should still be going up from here.
Please like, follow, and share if you agree.
and if you don't, please explain why!
I hope we can all learn from each other and teach positive things.
DYOR&D. Not investment advice, merely my opinion.
Cheers
ExpoGains!
I just realized caps on lol, oops!
XLM has been moving within this channel since November of last year, if we break above, then we are headed towards the 1.618 fib which is $0.73, then if the white energy is there then we can go up to $1.12, fib 2.618.
Regardless if we break out of the channel, I think we should still be going up from here.
Please like, follow, and share if you agree.
and if you don't, please explain why!
I hope we can all learn from each other and teach positive things.
DYOR&D. Not investment advice, merely my opinion.
Cheers
ExpoGains!
Note
I drew lines for a yellow channel within the main channel XLM is moving in. any break upwards from that would confirm the short term bullish move. this analysis is mainly for short term, as it is obvious XLM is bullish longterm.Cheers!
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