As we can see, this coin already break up triangle pattern,
are this is a good bullish sign?
symetrical triangle is a neutral pattern. Next direction depend on price action.
If it break up, it will perform bullish, and viceversa.
Today we see this pattern already break up, but with weak candle (volatile),
In this case, we need confirmation level to make sure it bull or bear.
Bullish side :
Bullish confirmation level at 0.4388
If this level break up, it mean, XLM perform new higher high, and will continue to move up to reach 0.5930
bearish side :
bearish will only perform if 0.3840 break down with target at 0.3144
Good luck
Don't forget to support me with "like"
are this is a good bullish sign?
symetrical triangle is a neutral pattern. Next direction depend on price action.
If it break up, it will perform bullish, and viceversa.
Today we see this pattern already break up, but with weak candle (volatile),
In this case, we need confirmation level to make sure it bull or bear.
Bullish side :
Bullish confirmation level at 0.4388
If this level break up, it mean, XLM perform new higher high, and will continue to move up to reach 0.5930
bearish side :
bearish will only perform if 0.3840 break down with target at 0.3144
Good luck
Don't forget to support me with "like"