Stellar (XLM/Dollar) Analysis - Positive 'Falling Wedge' Confirmed - (7/10/2018)
For the last month, I have repeatedly posted charts for Stellar (XLM) showing that a positive 'Falling Wedge' pattern was in its charts.
Below are the charts that were posted.
A few days before the 4th of July, the Falling Wedge in Stellar's chart was confirmed as you can see in the chart below.
Now, a New Falling Wedge has formed in Stellar's price chart, and it carries the same expectations as the last one, to break above the upper falling trendline. The only question is: When? Time will tell.
Disclaimer: This is not financial advice.
The Charts provided courtesy of TradingView.com
Normally, I write about Gold Nanoparticle Cancer Research and I do technical analysis for silver, gold, and the U.S. dollar, but I'm also a fan of cryptocurrencies, and because of this, I've started to share my charts on the coins and tokens I own and/or follow.
My website is called: The Free Bullion Investment Guide, it offers anyone interested in the precious metals bullion markets an honest place on the web that provides bullion market reference material, bullion market news, and other market-related information. http://www.free-bullion-investment-guide.com/
Lastly, the bullion guide supports and sponsor's Gold Nanoparticle Cancer Research, half of every dollar it earns goes to this research through The Angel of Healing Cancer Research Fund. (This includes the money earned through steemit)
Thank you for your time and God Bless,
Steve Warrenfeltz
So you mean the price of Stellar will rise in the near future ?
Yeah, when exactly or how much it will move up is not known, to pinpoint a date is impossible, it could take weeks for it move up, like it did in the charts above.
But the pattern is a positive pattern, meaning the price is expected to break to the upside sometime in the future.
Technical Chart Analysis aside; Fundamentally, Stellar is a solid coin and anyone who doesn't buy it at these levels will be kicking themselves when it makes a solid move to the upside.