[XLM/BTC] - Stellar ready to pump
Stellar has completed an inverse head and shoulders pattern on the 4H is looking ready to pump to new all-time highs. The descending volume gives legitimacy to the reversal pattern and the volume spike and bullish cloud metrics give confirmation to the bullish reversal.
Look for a test of the ATH at 6815 and then a run to the next fib extension at 9100.
Look for a test of the ATH at 6815 and then a run to the next fib extension at 9100.
Note
This is invalidated for now, price dropped back below the neckline.Note
This thing could still have legs...keep watching.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.