moon333

  Hi friends hope you are well, and welcome to the new update on XLM. Daily wedge breakout: Stellar (XLM) has recently experienced a daily wedge breakout, as observed from July 13, 2023, to October 21, 2023. Despite this breakout, the cryptocurrency has faced challenges breaking the long-term resistance at $0.14. The current price action indicates that XLM is fluctuating between two significant levels, with a resistance at $0.14 and a support at $0.1180. The projected target for this breakout is around $0.20, which aligns with the top of the wedge.   Weekly wedge breakout and a key resistance: On a weekly timeframe, Stellar broke out from a substantial falling wedge pattern in January 2023 and forming higher lows, and later attempted to break out from an up-channel in July 2023. However, it faced rejection at the long-term resistance of 20 cents. Currently, XLM is testing the support of this up channel. The suggestion is that with the daily wedge breakout already in play, ther...

  Big channel breakout: On a weekly time frame from July 2021 up till the month of January 2023, internet computer was moving in a very long term down channel, and finally in the month of January 2023, it broke out the multi-years-based resistance of this channel   Big wedge breakout: Then ICP got stuck inside in another falling wedge pattern and from the month of Feb 2023 up till the month of October 2023 it has been moving inside this wedge, and finally broke it out this pattern as well   Powerful rally and resistance levels: After breaking out the falling wedge pattern, the price has been struggling to break the next resistance of $4.60 for almost 5 weeks, and finally this resistance is also broken out. From the low of September 2023 up till the high of January 2024, ICP has surged more than 476%, and now for the past 3 weeks it is struggling to break out a key resistance of $15, therefore, in order to continue this rally the priceline if Internet Computer needs to bre...

  Big wedge breakout: On a weekly time frame, since Jan 2022, MOVR was moving in a big falling wedge pattern. From Jun 2023 the pricline started forming another falling wedge within the aforementioned big wedge. Finally, in the month of Oct 2023 1st it broke out the smaller and then in Nov 2023 it broke out the bigger wedge and pumped more than 1400%.   Key resistance and support levels: Now of after more than 1400 surge, the price is rejected by the long-term resistance of $45, which was working as a support in the month of Mar 2022 and now it has been flipped into a resistance. Now after his rejected the priceline dropped almost 65% and tested a long-term support of $22.50, this level was also working as a resistance in Aug 2022 and now flipped into a strong support.   Conclusion : MOVR has broken out a big wedge and has begun a long-term rally. But in order to continue this rally it has to breakout the key resistance of $45.

  Screeching halt of bull rally & ETF Approval Speculation: The price of Bitcoin recently took a hit, falling by almost 10%. This drop comes in the wake of speculations surrounding the approval of a Bitcoin spot ETF, following Bitcoin's surge to a near two-year high of $45,000. As you can see from the charts, the market experienced a notable shift after reaching that impressive $45,000 mark. The anticipation of a spot ETF approval had played a significant role in driving the price up, but it seems the market responded differently than expected."   SEC and its role: The Securities and Exchange Commission (SEC) has been closely watched in this regard. According to an SEC spokesperson who spoke to FOX Business, if the Commission declares a registration statement effective, it will be reflected on EDGAR. Any Commission 19b-4 orders will be posted on their website and then published in the Federal Register.     Lack of response from NYSE, Nasdaq, and CBOE: Interesting...