Stellar lumens to 95 cents

A easy enough set up, price action has printed a falling wedge pattern and breakout on the weekly (below) with flagpole extension to 95 cents.

On the daily chart above price action has made a number of bullish moves, including:

1) Printed a ‘great buy’

2) Recovered the 21-week EMA (yellow line).

3) Made an impulsive move to the upper side of the Bollinger Band since ‘great buy’ signal. What’s not to like?

Is it possible for price action to fall? Sure.

Is it probable? Very unlikely.

Good luck!

WW

PS: I'm not in this trade so ask below if you're not knowing what to do when price action appreciates. Donations to cause would be a start ;)

Weekly chart

עסקה פעילה:

Breakout!!