LumenLong
XLM forming ascending triangle!
XLM is in a good position to breakout from the ascending triangle which was forming since the breakthrough (big pump) we had on 6th of January.
If it goes down from here, we have a potential buying area at around 0.266 USD. Should it go up, there seems to be a potential for selling at 0.496 USD.
While we can already see XLM trying to breach the resistance level on the top side of the triangle, I expect to see a breakout of the triangle latest by 15th of Feb, but it might happen sooner as well.
Happy trading.
If it goes down from here, we have a potential buying area at around 0.266 USD. Should it go up, there seems to be a potential for selling at 0.496 USD.
While we can already see XLM trying to breach the resistance level on the top side of the triangle, I expect to see a breakout of the triangle latest by 15th of Feb, but it might happen sooner as well.
Happy trading.
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