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KinaStar

XLMUSD đŸ”„ Breakout or Breakdown đŸ”„

Stellar / TetherUS (BINANCE:XLMUSDT)  
KinaStar  
BINANCE:XLMUSDT   Stellar / TetherUS
Chart Patterns Wave Analysis ichimokukinkohyo Descending Triangle Inverse Head and Shoulders
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chartpattern waveanalysis ichimokukinkohyo descendingtriangle inverseheadandshoulders
After hitting supply zone around 0.11 - 0.10 it started to decline up to the point that we are currently at a demand zone. From this zone I think 3 things could happen:

  1. We get a bounce off this level to continue the descending triangle pattern up until TARGET: 0.09 and then it could actually breakout from the entire triangle instead of declining again but we'll have to see how price reacts once it hits the triangle resistance.

  • Price breaks down then the next target would the nearest demand zone at around: 0.07 - 0.08 so we'll see how this plays out.

As always, manage risk accordingly. Never risk entire portfolio and study by yourself before you commit to an investment.

Regards,

Kina đŸ”„
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