This one has broke out of the defending wedge on the daily timeframe, backtested, and is starting to push back up. I’m looking at $0.11 as a strong resistance in the short-term.
I also see it may be creating the right shoulder of an inverse h&s now.
Zooming out on this chart and you can see that XLM has almost reached the apex of a massive descending wedge. This one could rocket back up once it starts moving.
What do you think?
Not financial advice.
I also see it may be creating the right shoulder of an inverse h&s now.
Zooming out on this chart and you can see that XLM has almost reached the apex of a massive descending wedge. This one could rocket back up once it starts moving.
What do you think?
Not financial advice.