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2 overlapping invh&s patterns on the weekly logchart for XLM

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The inverse head and shoulders with the yellow neckline is the same one that is on the linear chart, however on the log chart you get a much higher target of around 44 cents. Reaching that target will also push price above a second bigger inverse head & shoulder neckline (in green) which once that one validates its breakout, it’ll have a full target of around 81 cents. Watch for the weekly 200ma(in blue) to hold support here if so not a bad place for an entry, if not retesting the yellow neckline or even throwin a wick or few back below it is not impossible and would create other good small entry opportunities as well. *not financial advice*
Transaction en cours
1st target hit! Second target is around 83 cents.
DrDovetail
1weekChart PatternsTechnical IndicatorsInverse Head and ShouldersLOGARITHMIClumensSTELLARstellarlumensTrend AnalysisWeekly ChartsXLMXLMUSD

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1weekChart PatternsTechnical IndicatorsInverse Head and ShouldersLOGARITHMIClumensSTELLARstellarlumensTrend AnalysisWeekly ChartsXLMXLMUSD
DrDovetail

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.