STELLAR (XLM/USD) - Inverted Head & Shoulders
The price has drawn to us a bullish chart pattern called Inverted Head & Shoulders.
It is a bullish chart pattern and the pattern actually is triggered - it has a breakout from the neckline.
Right now, it makes a retest and if the BTC holds and the market doesn't start to panic then this would be a pretty nice spot where to enter into the Stellar, but sadly the BTC price drifting on the edge and can't read out from the price action certain directions but still BTC has more bearish signs than bullish, so, let's see.
If the price starts to come down even more then the perfect entry area would be $0.1
From the technical perspective, this level should be pretty strong, add here some fundamentals, watch closely what BTC does, do Your own research, etc.
Please, take a second and support my idea post by hitting the "LIKE" button, it is my only fee from You!
Have a nice weekend,
Best regards!
*This information is not a recommendation to buy or sell, it is used for educational purposes only!
It is a bullish chart pattern and the pattern actually is triggered - it has a breakout from the neckline.
Right now, it makes a retest and if the BTC holds and the market doesn't start to panic then this would be a pretty nice spot where to enter into the Stellar, but sadly the BTC price drifting on the edge and can't read out from the price action certain directions but still BTC has more bearish signs than bullish, so, let's see.
If the price starts to come down even more then the perfect entry area would be $0.1
From the technical perspective, this level should be pretty strong, add here some fundamentals, watch closely what BTC does, do Your own research, etc.
Please, take a second and support my idea post by hitting the "LIKE" button, it is my only fee from You!
Have a nice weekend,
Best regards!
*This information is not a recommendation to buy or sell, it is used for educational purposes only!
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