Stellar Lumens XLM formed bullish Cypher for upto 49% rally

Stellar Lumens XLM formed bullish Cypher for upto 49% rally

By moon333 | moon333 | 26 Apr 2021


Hi dear friends, hope you are well and welcome to the new update on Stellar ( XLM ) coin.

Previously we have seen that on a 2-day chart, the price action formed a harmonic Shark pattern:

qUfWI5MP_big.png

 

But now it is behaving more likely to be a Cypher pattern than Shark , however, If you have bought it in the buying zone of Shark , then you can set you to sell targets more up accordingly. There is also 2-day 50 simple moving average support in buying zone.

QQqdkxs7

https://www.tradingview.com/chart/XLMUSD/xwTbuOTk-Stellar-Lumens-XLM-formed-bullish-Cypher-for-upto-49-rally/ 

 

Buy and sell targets:
Buy between: $0.4686 to $0.4126

Sell between: $0.5128 to $0.6187

Stop loss:
The maximum extent of potential reversal zone $0.4126 can be used as stop loss.

Possible profit and loss ratio:
As per the above targets, this trade has a big profit possibility of 49%, and the loss possibility is 12%.


Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.

 

For more harmonic trading ideas you can join:

https://www.patreon.com/moon333

 

Link for Binance exchange, the best place to buy or sell Crypto:

https://www.binance.com/?ref=11256882

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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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