XLM -Grafiek Signal $ 1 Move as the pattern takes shape

XLM -Grafiek Signal $ 1 Move as the pattern takes shape

Tl; Dr.

  • XLM forms inverted head and shoulders with a neckline at $ 0.50, with a potential goal almost $ 1.00.
  • Supertrend runs bullish above $ 0.372 and shows short -term reversal with support for $ 0.37 zone.
  • Net entry of $ 874.71k signals mild sales pressure, but the general sentiment remains consolidated.

Pattern structure builds up to Breakout

Stellar (XLM) forms a reverse head and shoulder pattern on the 12-hour graph, according to analysis shared by crypto analyst Ali Martinez. The pattern includes a left shoulder in the period of January – February, a lower low point in April – can form the head and a right shoulder who started to form in August. The neckline is near the $ 0.50 level.

In particular, XLM acts around $ 0.38, above 0.618 Fibonacci retracement level at $ 0.36. A confirmed outbreak above $ 0.50 can lead to further profit, with Fibonacci extension levels that mark potential resistance to $ 0.62, $ 0.70, $ 0.83 and $ 0.95. The ultimate goal of the structure appears just below $ 1.00. Support levels are noted at $ 0.36, $ 0.33 and $ 0.30 in the event that the breakout failed.

Source: Ali Martinez/X

He noted”

“Stellar $ XLM is the right shoulder of a head and shoulder pattern. Bullish Breakout can focus on $ 1!”

Supertrend -indicator runs Bullish

The 4-hour graph shows a bullish shift, in which the Supertrend indicator becomes positive for the first time since 25 August. This movement followed an outbreak above the resistance level of $ 0.372, which suggests a change in short -term momentum.

A “buy” signal appeared on the graph when the price above the super trend band moved. If it is actively higher than $ 0.37, a movement to $ 0.38 – $ 0.39 is possible. A decrease of less than $ 0.365 would weaken the setup.

XLM trades at around $ 0.38 at the time of the press. The 24-hour trade volume is $ 264.46 million, with a fall of 1% over the last day. In the past week it has increased by 4%and trade within a limited range between $ 0.30 and $ 0.40.

The market remains in a consolidation phase, without clear signs of strong accumulation or distribution. Buyers and sellers seem to match the current levels evenly.

Netflow -Details show mild inflow of exchange

From 10 September, data shows that XLM has registered a net inflow of $ 874.71K to spot fairs. This indicates that more XLM has been deposited than withdrawn, which can suggest that the sales activities can suggest in the short term.

XLM Net Inflow
Source: Coinglass

Although the inflow is positive, the size is small compared to earlier peaks on the graph, some of which amounted to more than $ 20 million. The movement probably reflects routine positioning instead of a large sentiment shift.

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