I'm no expert in trend analysis by any means and this is NOT a trade signal!
I still have a long way to go, but wanted to share my thoughts on XLMUSDT.P today and maybe get some feedbacks.
XLMUSDT.P is in an uptrend, and my analysis is that the uptrend will continue until the price reaches the resistance level (marked as a black line in the image) which has a history of price reacting to it in numerous occasions according to the D1 and W1 charts.
Note
Trend line is added.
Note
Trade closed: target reached
Target reached, earlier than expected.
God bless you :)
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God bless you :)
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.