Final Hours Are Ticking For Stellar Lumens XLM To Break This Pattern

Final Hours Are Ticking For Stellar Lumens XLM To Break This Pattern

By moon333 | moon333 | 28 Jan 2022


 

SMA and price level support:
On the weekly time frame priceline of XLM is above the 200 SMA and $0.18 support levels.

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Down channel:
On a daily time frame, XLM has formed a down channel and bounced by the support. Stellar has also broken down simple moving averages with the time period of 25, 50, 100, and 200 on this daily time frame.

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Descending triangle:
On an hourly chart, XLM has formed a descending triangle and it can break it soon. In case of breaking out the resistance it can reach the resistance of down channel on daily.

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moon333
moon333

Hi, My name is Atif Akbar and I am a trader and trading charts author


moon333
moon333

Hi my name is Atif Akbar and i am trading charts author of different assets like crypto, forex, commodities, CFDs Stocks e.t.c.

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