Stellar Lumens XLM Has Broken Out The Triangle And Formed A New Bull Flag

Stellar Lumens XLM Has Broken Out The Triangle And Formed A New Bull Flag

By moon333 | moon333 | 30 Jan 2021


 

Hey friends hope you are well and welcome to the new update Stellar.

 

Breaking out the triangle:

The price action of Stellar has broken out the resistance of the triangle on a small-time period 4-hour chart.

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Moved up from golden Fib ratio:

On the two-day chart, the price action of XLM was retraced up to 0.618 Fibonacci level, that is the golden Fib ratio and now from this level, the price action is moving up. There were also exponential moving averages 10 and 21 supports.

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Bull flag:

On a small time period 1-hour chart, the price action of XLM has formed a bull flag after the recent short-term bullish rally.

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For exact buy and sell targets for this trade, and other harmonic trading signals you can join:

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Conclusion:

The priceline of XLM has been bounced from the Fib golden ratio and from very close to the key level support at $0.20. Therefore it is possible that the price action will make another attempt to break out the $.0.40 resistance.

 

 

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moon333
moon333

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


moon333
moon333

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