Stellar Lumens XLM Is Using The Support Of Previous Triangle To Breakout The Next One

Hi friends, and welcome to the new update on Stellar.

Big wedge and key support:

On a weekly time frame, XLM has bounced from the key support of $0.12 and the support of a big falling wedge pattern. This move can also be seen on a monthly time frame.
After breaking out this wedge the next move can be up to $0.75, which is the top of this wedge. Before this XLM had already broken out a big channel as well.

Symmetrical triangle and external supports:
On a 4-hr time frame, Stellar has broken down a symmetrical triangle. But it has still a down trendline support and the previous triangle's support is also still in play. Therefore,
there is a probability, that XLM will breakout the resistance of the triangle using these supports. After the breakout XLM can also break out the next resistance of $0.154.

Conclusion:

Even though Stellar has broken down the triangle but some external supports are in play therefore, there is a possibility that stellar will breakout the same triangle which is broken down.

For best trading deals/bonuses you can signup to Bitget using my referral:

https://partner.bitget.com/bg/50GN8V

You can also support my work at Patreon for more ideas:

https://www.patreon.com/moon333

To check the Patreon trade success testimony, you can watch this pinned post:

https://www.patreon.com/posts/63774800

In order to play and watch the current performance of the chart you need at least a free account on tradingview:

https://www.tradingview.com/gopro/?share_your_love=moon333

KuCoin is one of the best exchange to find crypto gems:

https://www.kucoin.com/ucenter/signup?rcode=rJSDVT3

Link for Binance exchange, to trade crypto:

https://www.binance.com/?ref=11256882

Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.

https://www.bitget.com/en/welfare/register?from=referral&clacCode=H8W4VLWP

You can also support my work at Patreon for more ideas:

https://www.patreon.com/moon333

To check the Patreon trade success testimony, you can watch this pinned post:

https://www.patreon.com/posts/63774800

In order to play and watch the current performance of the chart you need at least a free account on tradingview:

https://www.tradingview.com/gopro/?share_your_love=moon333

KuCoin is one of the best exchange to find crypto gems:

https://www.kucoin.com/ucenter/signup?rcode=rJSDVT3

Link for Binance exchange, to trade crypto:

https://www.binance.com/?ref=11256882

Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.

▶️ 3Speak