Bullish Gartley + Bullish Pennant Break Combo - XLMHere I have COINBASE:XLMUSD on the Weekly Chart!
After the 2.5 Year long Bullish Gartley Harmonic Pattern had finished forming this July 2024, we see Price has been working into a tight Consolidation Pattern called the Pennant!
This Harmonic Pattern has been quite the Rollercoaster for longtime COINBASE:XLMUSD investors but with the Bullish Rally brought on this week, we see Price Breaking Above the Falling Resistance of this Pennant Pattern to the .10 area!
-If Price can find Support upon retesting the Break of Falling Resistance and stay above, we could see COINBASE:XLMUSD bask in .10 range and Push Higher!!
-RSI is now pushing Above 50 after the period of Consolidation stuck just underneath, indicating Bullish Interest is building
**If Price is unable to sustain these Higher Prices, this current Bullish Break could become False and we could see Price play back down into the Pennant Pattern!
With the Trump/Vance Campaign, we heard a lot of plans and potential being put towards the Cryptocurrency Market and with the win of the Presidency, we could start to see more Interest in this financial area.
Further updates will be on Daily Chart!