Hey friends, hope you are well, and welcome to the new update on Stellar.
Breaking out the Descending triangle:
Previously we have seen that the price action had the strong support of 200 simple moving average and the support of triangle and using these supports the price action of XLM broke out the resistance of the triangle and formed a bull flag on the hourly and 4-hour chart.
Click here to create an account on Binance, the best place to buy or sell XLM coin
Retraced at golden ratio:
The price action retraced at 0.618 Fibonacci level that is the golden ratio and from here another bullish move can be expected. In the meanwhile, the price action also re-tested the exponential moving average of 21 on the two-day chart.
Another Gartley move:
On the 12-hour chart, the price action formed another bullish Gartley move for the next rally:
Click here to create a free account on tradingview to watch and play the chart in realtime
For exact buy and sell targets for this trade, and other harmonic trading signals you can join:
https://www.patreon.com/moon333
Conclusion:
The pricelne has re-tested EMA on the two-day chart and formed a harmonic move. Therefore from here, another move to the upside can be expected.
Earn 310% ROI as passive income on eclipcityglobal by investing and mining UME token
