$XLM - Descending Triangle, but Bullish Divergance
Descending Triangles are normally associated as a bearish trend, but I'm currently seeing Bullish Divergance on the 1 hour, 2 Hour and 4 hour on the CMF and Stoch possibly indicating an upcoming reversal.
The breakout on the 4HR would be above the Ichimoku Cloud at about 3650ish.
This is certainly worth keeping an eye on for entry if it breaks out.
If it breaks support here and drops, there's approximately a 15% drop until it his the next support based on VPVR and if you are a high risk trader, ensure stop-losses are implemented.
The breakout on the 4HR would be above the Ichimoku Cloud at about 3650ish.
This is certainly worth keeping an eye on for entry if it breaks out.
If it breaks support here and drops, there's approximately a 15% drop until it his the next support based on VPVR and if you are a high risk trader, ensure stop-losses are implemented.
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