STELLAR +125% OR -55% down possible. Cup & Handle forming.
Namaste everyone.
Stellar seems to be forming a Cup and Handle pattern which if completed it could probably test the previous ATH.
As usual a confirmation is a must - close above the resistance which is the red horizontal line and quite possibly a retest to it.
Once confirmed the price should start rising to meet expectations.
Between 0.43 and 0.47 seems like a good entry point to me once the pattern has been confirmed.
Sell targets are the green dashed lines.
If the price fails to break and hold above the resistance level and is rejected by the resistance then a drop down to the support level is expected (orange horizontal line).
As always this is not a trading or financial advice.
This is only my observations regarding this market.
Please do your own analysis and due diligence.
If you agree with my idea let me know :-)
Stellar seems to be forming a Cup and Handle pattern which if completed it could probably test the previous ATH.
As usual a confirmation is a must - close above the resistance which is the red horizontal line and quite possibly a retest to it.
Once confirmed the price should start rising to meet expectations.
Between 0.43 and 0.47 seems like a good entry point to me once the pattern has been confirmed.
Sell targets are the green dashed lines.
If the price fails to break and hold above the resistance level and is rejected by the resistance then a drop down to the support level is expected (orange horizontal line).
As always this is not a trading or financial advice.
This is only my observations regarding this market.
Please do your own analysis and due diligence.
If you agree with my idea let me know :-)
Comment:
Anyone else seeing what I am seeing? :-)
Bullish divergence has formed.
I expect higher prices from now on.