So we are in an uptrend and there is a pennant. I believe this is a sign the trend will continue as a bull run to 0.45 USD max 0.50 max. After we will drop to about where the pennant ended following by two waves, which will result in another bigger pennant.
Let's see...
XLM tried to break above 0.30$ but failed to maintain...
As you can you see, after the rally, the pattern created a bull flag, but also a triangle. Still looking at which one will be valid. Right now XLM is dropping to recharge in order to hopefully go up and break through the top range of the triangle/flag. If it fails, it will break down.
Let's see how this...
XLM broke down,possible bearish wedge forming,we shall see if it breaks down or up,generally after a triangle breaks down,the price should go down,since it has been formed for a few days now,but lets see if its a fakeout and will go up...seems all relies on BTC...and if xlm gets listed on coinbase.
Timing of bounce not considered, yet points put at all FIB levels, considering I stack my buys at different % for each level. Rocket loading for the Wave 3 run?
SHORT TO MEDIUM TERM IDEAS IF BULLISH. I'M WONDERING WHEN THE ASIAN MARKET WILL WAKE UP TO THE NEWS AND SEE IF WE CAN GET A 2ND AND 3RD LEG UP WHILE BTC IS UNDECIDED.
GOOD LUCK TRADERS,
Entry and exit targets are clearly started on the chart.
BLUE: POSSIBLE ENTRY ZONE
RED: STOP LOSS LEVEL
GREEN: SELL TARGETS
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