CryptoCurrency1204
0 Following
13 Followers
16 Liked
0 Shared
📈 XLM Breakout Loading?
Stellar (XLM) is forming a classic ascending triangle pattern on the 4H chart. Resistance at $0.52 has been tested multiple times with rising lows—indicating strong buying pressure.
If price breaks above $0.52, the next target could be $0.63 — a 35% move from current levels! 🚀
Trend supported by RSI, volume, and EMA alignment. Watching closely! 👀
#XLM #CryptoTrading #TechnicalAnalysis #Altcoins #BreakoutTrade
Stellar (XLM) is forming a classic ascending triangle pattern on the 4H chart. Resistance at $0.52 has been tested multiple times with rising lows—indicating strong buying pressure.
If price breaks above $0.52, the next target could be $0.63 — a 35% move from current levels! 🚀
Trend supported by RSI, volume, and EMA alignment. Watching closely! 👀
#XLM #CryptoTrading #TechnicalAnalysis #Altcoins #BreakoutTrade
$XLM XLM Eyes $0.63 as Ascending Triangle Signals Bullish Breakout
XLM (Stellar) is currently trading within an ascending triangle pattern—a classic bullish continuation setup—characterized by a series of higher lows and a horizontal resistance near $0.52.
This resistance level has been tested multiple times since Tuesday, while the rising trendline of higher lows indicates increasing buying pressure. A decisive breakout above the $0.52 level could validate the pattern and potentially spark a rally toward the $0.63 target, representing a 35% gain from the current price.
The $0.63 target is calculated by adding the height of the triangle to the breakout point.
Technical indicators support this bullish scenario. The 4-hour Relative Strength Index (RSI) remains below overbought territory, indicating room for further upward movement. Additionally, XLM is trading above its 20-, 50-, and 200-period exponential moving averages (EMAs), all of which are trending upward. This alignment reinforces the bullish momentum in both the short- and medium-term outlooks.
Furthermore, this ascending triangle pattern fits within a broader accumulation structure observed by veteran trader Peter Brandt, adding weight to the case for continued upside.
#XLM #cryptouniverseofficial #bullish #tradesetup #XLMBreakout
XLM (Stellar) is currently trading within an ascending triangle pattern—a classic bullish continuation setup—characterized by a series of higher lows and a horizontal resistance near $0.52.
This resistance level has been tested multiple times since Tuesday, while the rising trendline of higher lows indicates increasing buying pressure. A decisive breakout above the $0.52 level could validate the pattern and potentially spark a rally toward the $0.63 target, representing a 35% gain from the current price.
The $0.63 target is calculated by adding the height of the triangle to the breakout point.
Technical indicators support this bullish scenario. The 4-hour Relative Strength Index (RSI) remains below overbought territory, indicating room for further upward movement. Additionally, XLM is trading above its 20-, 50-, and 200-period exponential moving averages (EMAs), all of which are trending upward. This alignment reinforces the bullish momentum in both the short- and medium-term outlooks.
Furthermore, this ascending triangle pattern fits within a broader accumulation structure observed by veteran trader Peter Brandt, adding weight to the case for continued upside.
#XLM #cryptouniverseofficial #bullish #tradesetup #XLMBreakout
Login to explore more contents