XLM Bearish Harmonic or Bullish Flag!
There are two possible scenarios for XLM.
1. Bearish Harmonic Pattern:
This is the more likely scenario.
XLM may revert to the bottom of the channel.
A good entry point for a long position could be between 0.28 and 0.31.
2. Bullish Flag:
This is a less likely scenario.
XLM may experience a bullish breakout.
Important Note:
Open your position carefully.
Evaluate your risk tolerance and investment objectives before entering any position.
This analysis is for informational purposes only and does not constitute financial advice.
1. Bearish Harmonic Pattern:
This is the more likely scenario.
XLM may revert to the bottom of the channel.
A good entry point for a long position could be between 0.28 and 0.31.
2. Bullish Flag:
This is a less likely scenario.
XLM may experience a bullish breakout.
Important Note:
Open your position carefully.
Evaluate your risk tolerance and investment objectives before entering any position.
This analysis is for informational purposes only and does not constitute financial advice.
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.
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.