Stellar (XLM/Dollar) Ascending Channel Broke Down, But... (6/8/2018)

A few days ago, I posted this 'steemit post' for Stellar's price chart - seen here: Stellar (XLM/Dollar) Positive Pattern has formed - (6/4/2018)

In that post, an Ascending Channel had been identified in Stellar's price chart.

Channels, in technical analysis, will always eventually be broken, and this one was broken to the downside as you can see in the chart below.

But, even though Stellar (XLM) fell through the Ascending Channel, a new positive pattern has been identified, a 'Falling Wedge.'

Stellar (XLM) is expected to move up and break this pattern in the few days at most.

Furthermore, in the last 'Stellar (XLM) steemit' blog post here, it was stated that that a possible bigger and more positive pattern looks to be forming in Stellar's price chart.

The break in the 'Ascending Channel' did not take-out this positive pattern, it could form, however, it's still too early for it to be indicated in the charts, I'll keep you posted when/if it materializes.

Disclaimer: This is not financial advice

Normally, I write about Gold Nanoparticle Cancer Research and I do technical analysis for silver, gold, and the U.S. dollar, but I'm also a fan of cryptocurrencies, and because of this, I've started to share my charts on the coins and tokens I own or follow.

My website is called: The Free Bullion Investment Guide and it offers anyone interested in the precious metals bullion markets an honest place on the web that provides bullion market reference material, bullion market news, and other market-related information. http://www.free-bullion-investment-guide.com/

Lastly, the bullion guide supports and sponsor's Gold Nanoparticle Cancer Research, half of every dollar it earns goes to this research through The Angel of Healing Cancer Research Fund. (This includes the money earned through steemit)

Thank you for your time and God Bless,

Steve Warrenfeltz