Bullish Gartley + Bullish Pennant Break Combo - XLM

8 Nov

Here I have XLMUSD on the Weekly Chart!

After the 2.5 Year long Bullish Gartley Harmonic Pattern had finished forming this July 2024, we see Price has been working into a tight Consolidation Pattern called the Pennant!

This Harmonic Pattern has been quite the Rollercoaster for longtime XLMUSD investors but with the Bullish Rally brought on this week, we see Price Breaking Above the Falling Resistance of this Pennant Pattern to the .10 area!

-If Price can find Support upon retesting the Break of Falling Resistance and stay above, we could see XLMUSD bask in .10 range and Push Higher!!

-RSI is now pushing Above 50 after the period of Consolidation stuck just underneath, indicating Bullish Interest is building

**If Price is unable to sustain these Higher Prices, this current Bullish Break could become False and we could see Price play back down into the Pennant Pattern!

With the Trump/Vance Campaign, we heard a lot of plans and potential being put towards the Cryptocurrency Market and with the win of the Presidency, we could start to see more Interest in this financial area.

Further updates will be on Daily Chart!

9 Nov

Catatan

Price has given us a Valid Bullish Break of the Pennant with the Breaking Candle and a Closing Candle Above the Falling Resistance!

Price currently is on the way down to Retest the Break of Falling Resistance making this a good area to accumulate some XLMUSD if Price is able to find Support here!

5 hari yang lalu

Catatan

Massive Bullish Break to the Pennant followed by immense Bullish Volume and a Golden Cross!

Currently it would see a Divergence could be forming, insisting a Correction to .12 - .11 cents may be needed to Support Higher Prices!