XLMBTC STELLAR BREAKOUT COMPLETE ROUNDED BOTTOM HEAD SHOULDERS
Updated
GREETINGS CRYPTO MATES!
XLM STELLAR LUMEN HAS BROKEN OUT OF A ROUNDED BOTTOM OR SOME MAY PREFER TO VIEW THIS AS AN INVERSE HEAD AND SHOULDERS.
CONSERVATIVE TARGET PRICE BASED NOT TAKING WICKS INTO ACCOUNT (SIMPLY TO BE CONSERVATIVE FOR YOU, SO THAT YOU CAN CAPTURE PROFITS).
XLM HAS ALREADY BEEN ON A HUGE RUN AGAINST BITCOIN. IT CONTINUES TO THRIVE AS BITCOIN FLIRTS WITH BREAKING DOWN. HOWEVER, ALWAYS PAY THE UTMOST ATTENTION TO BITCOINS PRICE ACTION.
12/26 MOVING AVERAGES HAVE CROSSED AND ARE POISED TO GO VERTICAL (CURRENTLY AT A NICE 45 DEGREE). NOT ENOUGH HISTORY FOR THE 50/200
50% RETRACEMENT MAY BECOME SUPPORT - INCREDIBLE STRENGTH IN THE PAST.
CONFLICTS: VOLUME WAS NOT STRONG WHEN INITIAL DECLINE BEGAN AT NECKLINE, HOWEVER, STRONG AT BOTTOM THROUGH BREAKOUT.
PLEASE TRADE AT YOUR OWN RISK REWARD THRESHOLDS AND BE TRADE SAFE. SET THOSE STOP LIMITS!
THIS PATTERN MAY BE PART OF A MUCH LARGER ROUNDED BOTTOM IF YOU VIEW THE 4500 SATOSHI LINE, BUT SINCE SUPPORT HAS BEEN BROKEN, I THINK IT'S FAIR TO SAY WE MAY BE IN STORE FOR A NICE RIDE UP WITH IMPRESSIVE GAINS.
THANKS AND MUCH LOVE. PLEASE FOLLOW AND LIKE IF MY CHART HELPED YOU. APPRECIATE YOU!!!
XLM STELLAR LUMEN HAS BROKEN OUT OF A ROUNDED BOTTOM OR SOME MAY PREFER TO VIEW THIS AS AN INVERSE HEAD AND SHOULDERS.
CONSERVATIVE TARGET PRICE BASED NOT TAKING WICKS INTO ACCOUNT (SIMPLY TO BE CONSERVATIVE FOR YOU, SO THAT YOU CAN CAPTURE PROFITS).
XLM HAS ALREADY BEEN ON A HUGE RUN AGAINST BITCOIN. IT CONTINUES TO THRIVE AS BITCOIN FLIRTS WITH BREAKING DOWN. HOWEVER, ALWAYS PAY THE UTMOST ATTENTION TO BITCOINS PRICE ACTION.
12/26 MOVING AVERAGES HAVE CROSSED AND ARE POISED TO GO VERTICAL (CURRENTLY AT A NICE 45 DEGREE). NOT ENOUGH HISTORY FOR THE 50/200
50% RETRACEMENT MAY BECOME SUPPORT - INCREDIBLE STRENGTH IN THE PAST.
CONFLICTS: VOLUME WAS NOT STRONG WHEN INITIAL DECLINE BEGAN AT NECKLINE, HOWEVER, STRONG AT BOTTOM THROUGH BREAKOUT.
PLEASE TRADE AT YOUR OWN RISK REWARD THRESHOLDS AND BE TRADE SAFE. SET THOSE STOP LIMITS!
THIS PATTERN MAY BE PART OF A MUCH LARGER ROUNDED BOTTOM IF YOU VIEW THE 4500 SATOSHI LINE, BUT SINCE SUPPORT HAS BEEN BROKEN, I THINK IT'S FAIR TO SAY WE MAY BE IN STORE FOR A NICE RIDE UP WITH IMPRESSIVE GAINS.
THANKS AND MUCH LOVE. PLEASE FOLLOW AND LIKE IF MY CHART HELPED YOU. APPRECIATE YOU!!!
Note
Target price of 4680 reached. XLM is now consolidating. I will keep a close eye on this asset for you guys and re-post if I see another big run up in the charts. Thanks.
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