Removing all the wicks, we can see that the price is forming a HS pattern. This pattern will be valid if the price tests the bottom of the HS, and if confirmed its target could go up to 0.22.
Trade with caution.
تعليق
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Formation is in place, we will see first target 0.27500 taken first, following with 0.25-0.22
تعليق
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تعليق
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Price seems to have bounced off from the bottom of the HS, for a final confirmation the top of the right should needs to act as resistance otherwise this pattern becomes invalid.
تعليق
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After a re-test of the shoulder, we confirmed the pattern, we headed msot of the price targets, just 1 missing.
@KarsenH, You're responding to a comment from 24 hours ago when it was spot on and filled the triangle as shown. It deviated and started trading sideways after the fact.
CRYPT0VEST
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@Crypt0_Z, Yes , after all the pattern can still complete, price is just trading sideways now
i8myapl
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Awesome, thanks for the updates.
i8myapl
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Perfect place to pick up more. Thanks.
Crypto-Scalper
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@i8myapl indeed, price seems loosing momentum, probably due to the BTC domination. XLM at thoose prices will certainly bounce up.
i8myapl
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@BlockVest, Absolutely. XLM has great potential, definitely a project to keep under the radar. Thanks.
sefil46
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what values do you think xlm will be for the weekend?
Crypto-Scalper
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@sefil46, If my analysis is correct, we will probably still see today: 0.27500 and 0.26000 if that is broken.
If all this prices fill up between today and tomorrow, we can definitively see XLM for prices as: 0.25-0.22.