Chibuike_Odoh

XLMUSDT (STELLAR) - POSSIBLE PRICE ACTIONS

BINANCE:XLMUSDT   Stellar / TetherUS
ANALYSIS 🔎
- XLMUSDT is printing a descending triangle pattern.
- Price is testing the descending triangle's inclined resistance.
- Price has been consolidating in a rectangular pattern at triangle's inclined resistance.
- A relatively big move in imminent.

POSSIBLE PRICE ACTIONS
Uptrend ⬆️: breakout above the rectangular pattern's horizontal resistance and the descending triangle's inclined resistance.
Downtrend ⬇️: breakdown below the rectangular pattern's horizontal support.

TARGETS 🎯
- Uptrend ⬆️: Horizontal resistance level (R1).
- Downtrend ⬇️: Descending triangle's horizontal support.

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