moon333

  Hi friends, hope you are well, and welcome to the new update on XLM . Falling wedge: On a daily time frame, XLM is bounced from the support of falling wedge pattern with bullish divergence. Broke out  broadening wedge  and a re-test: On a 4-hr time frame, Stellar broke out the resistance of a broadening wedge. Now the priceline is testing the resistance of this wedge as support. There is also a 50 simple moving average support as well. Tested strong support: On a weekly time frame, XLM has already tested the $0.18 support and is also likely to form a double bottom as well. Once the priceline will be able to breakout the resistance of the falling wedge which is formed on a daily time frame then it can reach the big resistance of $0.44. Conclusion: If XLM successfully re-tests the resistance of broadening wedge as support and starts a bullish reversal move from here, then there will be a high probability for the breakout from the falling wedge as well.   If you like ...

  Hi friends, hope you are well, and welcome to the new update on Bitcoin ( BTC ). Reached the resistance: Even though Bitcoin has broken out big down channel on a daily time frame chart, but could not breakout the $40K level. We also have EMA 21 at the same resistance. Inverse Head & Shoulder: On a 4-hr time frame, BTC may drop a little more to form the right shoulder of H & S pattern. After the completion of right shoulder Bitcoin can breakout the neckline of this pattern. The target for this H & S pattern is almost $46K   The neckline of this Head & Shoulder is the basic reason which is not letting the priceline move more up even after breaking out falling wedge on this 4-hr chart.   Weekly higher low expected: On a weekly time frame, if the weekly will be close here, then another higher low will be formed and this higher low can lead to the formation of another higher high as well. Stochastic is also moved above 20 and turning bullish .   Conclusi...