Hey friends, hope you are well and welcome to the new update on Stellar ( XLM )

XLM broke down the wedge:

On the weekly time frame, XLM has broken down a big wedge but the positive thing is that the stochastic has entered the oversold zone which is indicating that the market of Stellar is oversold now.

Another support:
On the daily time frame the XLM has found nice support at $0.255 and also likely to form a double bottom on this support.

Formation of a channel and triangle:
On daily time frame the priceline has formed a down channel and after some accumulation Stellar has also formed a descending triangle as well. The movement is squeezed, therefore, soon the priceline can break this triangle.s

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Link for Binance exchange, to trade crypto:

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