I have kept the chart simple just showing the resistances we have to break for Lumens to continue its uptrend. If the first target is broken, we will be breaking the ascending triangle and continuing its merry way North. The next targets will be validating three Head and Shoulders I see that have formed along the way as the left shoulders on the way down in the last few days.
Needless to say, I am very bullish on XLM in the short term as well as long term.
My previous analysis of the weekly XLMBTC chart is still in play where it is completing a very long-term cup and handle. I have set the BTC target there at around 9000sats. Please go check that out if you're interested in the long-term aspects of Lumens.
Disclaimer: This is not trading or financial advice. Just charting what I observe. I'm very new to the TA world, so your feedback on what you think, or where I have gone wrong will be really appreciated. Thanks!
Needless to say, I am very bullish on XLM in the short term as well as long term.
My previous analysis of the weekly XLMBTC chart is still in play where it is completing a very long-term cup and handle. I have set the BTC target there at around 9000sats. Please go check that out if you're interested in the long-term aspects of Lumens.
Disclaimer: This is not trading or financial advice. Just charting what I observe. I'm very new to the TA world, so your feedback on what you think, or where I have gone wrong will be really appreciated. Thanks!
