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.
