XLM has been consolidating inside a massive symmetrical triangle for over 3,000 days. This long-term pattern on the monthly chart dates back to 2017. The price is now approaching the upper resistance trendline of the triangle. A breakout from this structure could ignite a major bullish rally.
The current monthly candle shows strong momentum with over 100% gains. A confirmed breakout above resistance could mark the start of a macro uptrend. This triangle is one of the most significant technical setups in XLM’s history.
Target 1: $1.00
Target 2: $2.50
Target 3: $5.00
The current monthly candle shows strong momentum with over 100% gains. A confirmed breakout above resistance could mark the start of a macro uptrend. This triangle is one of the most significant technical setups in XLM’s history.
Target 1: $1.00
Target 2: $2.50
Target 3: $5.00
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🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
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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.
🚀Telegram : t.me/hexatrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
Related publications
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.