The 6 hour timeframe of Stellar Lumens is shown in this analysis using a log scale.
Price action ever since January 26 this year has remained in a side trend that is best described as a symmetrical triangle chart pattern.
Eventual breakout of the ~10 months chart pattern could see the price of Stellar Lumens collapse on a confirmed downside breakout or move up significantly on a confirmed bullish breakout.
In either case, the width of the triangle is key in estimating a minimum projection for the price of Stellar Lumen upon breakout.
Price action ever since January 26 this year has remained in a side trend that is best described as a symmetrical triangle chart pattern.
Eventual breakout of the ~10 months chart pattern could see the price of Stellar Lumens collapse on a confirmed downside breakout or move up significantly on a confirmed bullish breakout.
In either case, the width of the triangle is key in estimating a minimum projection for the price of Stellar Lumen upon breakout.
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.