No No No!!! Never Think About Selling Stellar Lumens XLM Before Watching These Bullish Moves

No No No!!! Never Think About Selling Stellar Lumens XLM Before Watching These Bullish Moves

By moon333 | moon333 | 21 Jan 2021


 

Re-testing wedge:

XLM with US Dollar pair, after breaking out from the wedge on the weekly chart, the priceline has re-tested the resistance of wedge and support and the long-term breakout has been confirmed.

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BULL FLAGE and testing EMA supports:

On the daily chart, the priceline has formed a bull flag and being consolidated. In the meanwhile, the XLM is also testing the EMA 10 and 21 as supports.

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SMAs on weekly chart bitcoin market:

With Bitcoin pair, on the weekly chart, the priceline of Stellar is breaking out the 50 simple moving average then there will be 100 and 200 SMA resistance levels.

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Ichimoku cloud:

On the same weekly chart, with Bitcoin pair, the price action of Stellar is moving under an Ichimoku bearish cloud for a long time. Now the cloud has turned weak and it can breakout the cloud at any time for a powerful bullish rally.

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Long-term big harmonic moves:
On long term-two week chart the price action of stellar has formed a bullish Butterfly: 

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And on the 2-month chart, it has formed a big BAT pattern and entered in potential reversal zones of both patterns.

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Conclusion:

XLM needs a breakout of weekly 200 SMA and the bearish cloud as soon as possible to start the long-term bull run. The harmonic moves are indicating that the breakout is very much confirmed.

 

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moon333
moon333

Hi, My name is Atif Akbar and I am trading charts author of all kind of assets


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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