XLMUSDT Price Analysis
Update:
Here are several noteworthy observations in the current price action on the chart. Firstly, the recent trend has transitioned from bearish to bullish following the formation of a candle above the CHOCH. Secondly, an Anti Cypher pattern has emerged on the chart, signaling a bullish sentiment. Thirdly, an ABC leg is currently forming on the chart, with the final impulsive leg (C Leg) yet to be completed. That leg can go much upwards which I already mentioned in its path but that could take longer time to go. The chart includes marked targets and stop losses.
Also you can DCA this till Bullish OB as it may retrace down to it, so plan according to it.
Please note that this analysis is not financial advice. These observations are based solely on my knowledge, and it is important to remember that predicting future market conditions is inherently uncertain.
Here are several noteworthy observations in the current price action on the chart. Firstly, the recent trend has transitioned from bearish to bullish following the formation of a candle above the CHOCH. Secondly, an Anti Cypher pattern has emerged on the chart, signaling a bullish sentiment. Thirdly, an ABC leg is currently forming on the chart, with the final impulsive leg (C Leg) yet to be completed. That leg can go much upwards which I already mentioned in its path but that could take longer time to go. The chart includes marked targets and stop losses.
Also you can DCA this till Bullish OB as it may retrace down to it, so plan according to it.
Please note that this analysis is not financial advice. These observations are based solely on my knowledge, and it is important to remember that predicting future market conditions is inherently uncertain.
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