XLM agains the USD on the Weekly chart = 300% gains with R:R 16

23 Kas 2020

Hello everyone,

After the succesfull breakout of inverted Head & Shoulders pattern on Daily chart as seen below
and 40% run up, I´ve decided to zoom out to see the possible setup for Weekly chart and it shows a opportunity for
300% gains with R:R 16 !

XLM is reaching it previous high as well as linear downtrend line resistance zone. If it can break it then further strong upward moove is expected and we can open a long position.
XLM is getting some nice accumulation past months and volume from last week is really nice too.





ChaChain
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Disclaimer:
I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.

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23 Kas 2020

İşlem aktif

Looks like it is happening !

24 Kas 2020

Not

XLM had clear technicals agains Bitcoin which is why will focus more on XLM/BTC pairing instead of the fiat pairing

25 Kas 2020

Not

Stellar still looks very healthy on the Weekly chart. The volume is still there at least and price action is nice too

25 Kas 2020

Not

This is old idea of a very long term XLM/USD perspective (still up to date)

13 Şub 2021

Not

happening as expected and even faster (Local trading setup target reached but I´m expecting higher targets in future as seen in the long term chart aboove)