On the verge of breaking the four-hour resistance, I will add a lot🤑❤
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Good luck everyon
Key Takeaway
Stellar remains stagnant after seeing its market value crash by 50% in late February.
Now, two critical price levels will determine the next direction for XLM.
A 4-hour candlestick close outside of the $0.42-$0.39 price pocket will result in a 34.50% move in that direction.
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Stellar’s price action suggests that volatility is about to strike back.
Stellar Primed for Volatility
XLM’s market value dropped by 50% after reaching a new yearly high of $0.61 on Feb. 13. The downswing seems to have been fueled by a market-wide correction that caused over $6.5 billion in liquidations.
While some altcoins managed to recover the losses incurred, Stellar entered a stagnation period.
The twelfth-largest cryptocurrency by market capitalization has been consolidating over the past two weeks, making a series of lower highs and higher lows along the way. When drawing a trendline around each pivot point, XLM’s price action formed a symmetrical triangle on its 4-hour chart.
Best and valid site for mining BTC$:::::
btconline.io/5146728
🤑🤑🤑🦾🤞Be sure to extract well, bitcoin pays a day
Good luck everyon
Key Takeaway
Stellar remains stagnant after seeing its market value crash by 50% in late February.
Now, two critical price levels will determine the next direction for XLM.
A 4-hour candlestick close outside of the $0.42-$0.39 price pocket will result in a 34.50% move in that direction.
OKCoin logo
This Exchange News was brought to you by OKCoin, our preferred Exchange Partner.
SHARE THIS ARTICLE
Stellar’s price action suggests that volatility is about to strike back.
Stellar Primed for Volatility
XLM’s market value dropped by 50% after reaching a new yearly high of $0.61 on Feb. 13. The downswing seems to have been fueled by a market-wide correction that caused over $6.5 billion in liquidations.
While some altcoins managed to recover the losses incurred, Stellar entered a stagnation period.
The twelfth-largest cryptocurrency by market capitalization has been consolidating over the past two weeks, making a series of lower highs and higher lows along the way. When drawing a trendline around each pivot point, XLM’s price action formed a symmetrical triangle on its 4-hour chart.
Note
If we all support it, he will break the resistance of Stellar
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Related publications
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.