Stellar Lumen - possible rise
My personal opinion is that after this long correction most of "light holder" already sold so there should be sooner then later space for market reaction. Even bearish news are loosing steam and only big news such as a new sort of ban of some important market could cause another sensitive downtrend of the market.
Providing that we could be in a "fake signal zone" of the market, 4h chart seems supporting this bullish idea.
The trend bounce from support and index turn bullish. A possible confirmation is the break on the upper side of the triangle. The target could be valid even if there will be a partial fall to the lower support. Tight control is anyway recommended in this period.
Providing that we could be in a "fake signal zone" of the market, 4h chart seems supporting this bullish idea.
The trend bounce from support and index turn bullish. A possible confirmation is the break on the upper side of the triangle. The target could be valid even if there will be a partial fall to the lower support. Tight control is anyway recommended in this period.
Trade closed manually
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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.