I am back with another chart, this time on Stellar Lumens.
I was checking some charts and found the XLM graph pretty interessting.
This is the third time in 15 days, that XLM has formed . Maybe even a good day trading.. You should keep an Eye on , and the upper yellow Line.
"The flag stock chart pattern forms through a . The develops from two , which form the until the price breaks out. The flag will have sloping , and the slope should move in the opposite direction to the original price movement. Once the price breaks through either the support or resistance lines, this creates the buy or sell signal."
Buy - Its hard to tell now, But I feel Like 3500 - 4000 Satoshis.
Targets - 4900 and 6100 Satoshis.
If you agree, or dissagree comment bellow, I would really like to know your own opinions!
If this Chart gets a little bit of attention, I will update!
look at .5, .618 as possible fib retracement targets (roughly 3k and 2.5k satoshi)
we have been flying high without a trend line touch or a 50/100/200 ma touch in a long while. I see further downside.