BigLava

XLM Falling Wedge Formation & 3 Drives pattern

BINANCE:XLMUSDT   Stellar / TetherUS
Bullish Indication:

  • Falling Wedge
  • Low Sell Volume

Bearish Indication:

  • Bearish 3 drive pattern
  • Weekly RSI Extremely over bought.

Getting mixed signals for XLM as it sky rocketed the past few days. Entering trade after confirmation would be best option here.
If we break trend support i will open a short position and TP at local support.
If trend resistance is broken i will open a long and set targets towards next resistance and weekly resistance.

I will update on full trade :)


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Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.