Hey friends, hope you are well and welcome to the new update on Stellar
XLM broke down the wedge:
On the weekly time frame, has broken down a big but the positive thing is that the stochastic has entered the oversold zone which is indicating that the market of Stellar is oversold now.
Another support:
On the daily time frame the has found nice support at $0.255 and also likely to form a double bottom on this support.
Formation of a channel and triangle:
On daily time frame the priceline has formed a down channel and after some accumulation Stellar has also formed a descending triangle as well. The movement is squeezed, therefore, soon the priceline can break this triangle.s
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Link for BINANCE exchange, to trade crypto:
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