XLMUSDT (STELLAR) - POSSIBLE PRICE ACTIONS
ANALYSIS 🔎
- XLMUSDT is resisted by the descending trendline resistance.
- Price is retesting the descending trendline resistance.
- Price action is printing a symmetrical triangle pattern at the retest zone.
- A relatively big move is imminent.
POSSIBLE PRICE ACTIONS
- Uptrend ⬆️: breakout above the symmetrical triangle's inclined resistance and descending trendline resistance.
- Downtrend ⬇️: breakdown below the symmetrical triangle's inclined support.
TARGETS 🎯
- Uptrend ⬆️: Horizontal resistance level (R1).
- Downtrend ⬇️: Horizontal support levels (S1, S2).
- XLMUSDT is resisted by the descending trendline resistance.
- Price is retesting the descending trendline resistance.
- Price action is printing a symmetrical triangle pattern at the retest zone.
- A relatively big move is imminent.
POSSIBLE PRICE ACTIONS
- Uptrend ⬆️: breakout above the symmetrical triangle's inclined resistance and descending trendline resistance.
- Downtrend ⬇️: breakdown below the symmetrical triangle's inclined support.
TARGETS 🎯
- Uptrend ⬆️: Horizontal resistance level (R1).
- Downtrend ⬇️: Horizontal support levels (S1, S2).
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