XLM/USD 15M Chart Horizontal Triangle

13 ก.พ. 2021

We touched the long term resistance based off the previous highs around $0.60 and had a pullback. The price seems to be consolidating in a horizontal triangle pattern. ABCDE Correction. In theory we should be headed back up to a retest and hopefully a breakout. If it fails, I would expect to potentially fall as low as the $0.51 mark where other supports intersect. It looks noisy but It looks like there was an ABC in each leg of the ABCDE and pretty symetrical.

13 ก.พ. 2021

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30M Chart