LONG -
COMPLEX head and shoulder bottom, with a faux double top on the daily, most likely a retest of the 0.60 re-accumulation stage and if the white neckline is broken it's hopin' to 1.22USD measured move.
Good Luck Traders!
XLMUSD
COMPLEX head and shoulder bottom, with a faux double top on the daily, most likely a retest of the 0.60 re-accumulation stage and if the white neckline is broken it's hopin' to 1.22USD measured move.
Good Luck Traders!
XLMUSDNote
Retesting 0.60 - last re-accumulation areaTrade active
Until a total market breakdown, this pattern is still developing. Accumulation of the asset is ongoing and happening just below the neckline. This is the big one for Stellar, as this accumulation and development of the confirmation of the pattern is happening JUST below the previous ATH. VERY bullish on this asset.
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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.