This one has broke out of the defending wedge on the daily timeframe, backtested, and is starting to push back up. I’m looking at $0.11 as a strong resistance in the short-term.
I also see it may be creating the right shoulder of an inverse h&s now.
Zooming out on this chart and you can see that XLM has almost reached the apex of a massive descending wedge. This one could rocket back up once it starts moving.
What do you think?
Not financial advice.
I also see it may be creating the right shoulder of an inverse h&s now.
Zooming out on this chart and you can see that XLM has almost reached the apex of a massive descending wedge. This one could rocket back up once it starts moving.
What do you think?
Not financial advice.
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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.