XLM/BTC bullish pennant?

in #cryptocurrency • 8 years ago

Stellar is in a Triangle Formation for quite some time. Now it has strong support below and strong resistance above.

Buy-in at that strong support line might be not so bad idea, with ~20% to gain (to upper resistance line). But XLM showed signs of weakness, with 2 crashes that crossed previously mentioned support line, which ended at -16% and -25% below it.
So keep that in mind putting a position here.

I'm waiting with anticipation how it will play out. Even if XLM is looking like a million dollars, it can go either way due to market uncertainty.

XLM btc.jpg

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#bitcoin #crypto #xlm #stellar
8 years ago in #cryptocurrency by
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