Hello traders!
XLM is in accumulation phase (like a lot of altcoins).
According to what Wyckoff Method says, we can see a downtrend followed by accumulation phase. We should see a trend reversal in the near future.
We could test the bottom and the top of the accumulation channel, but once this phase ends we should break the top of the channel and see an uptrend.
- Market phases: gyazo.com/f23668a2a00c54a4c5f0e226e941461b
- THIS ISN'T FINANCIAL ADVICE -
XLM is in accumulation phase (like a lot of altcoins). According to what Wyckoff Method says, we can see a downtrend followed by accumulation phase. We should see a trend reversal in the near future.
We could test the bottom and the top of the accumulation channel, but once this phase ends we should break the top of the channel and see an uptrend.
- Market phases: gyazo.com/f23668a2a00c54a4c5f0e226e941461b
- THIS ISN'T FINANCIAL ADVICE -
Trade active
The top of the accumulation levels is holding, we might see a breakout soon.Be ready
Trade closed: target reached
Take some profitsHappy trading!
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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.
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.