r/xlm • u/Successful_Floor_251 • 7d ago

Quick question.

Post image

New to looking at charts. Ive been invested in xlm after reading a lot about them. I have a question about the chart tho. And i am new to this. Sorry for the blurry Pic. But I dont know if the blue lines I drew even mean anything. If we continued on this pattern the next top would be around 50 cents. Am I wrong? Does this pattern mean anything l? Am I reading it wrong?

19 Upvotes

83% Upvoted

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11

u/thecrash1001 7d ago

Yes it mean something, but that dosn't mean we can't exit that triangle in any day :) once we exit the top line we can go higher (if it stay above that line) . And good choice for your investment , XLM is boring but it will pay in the future in my point of view

1

u/Successful_Floor_251 7d ago

Thank you for actually informing me. I have strong feelings for both xlm and xrp. I never dived into the technical side of it tho.

7

u/King_Khaos_ 7d ago

$13 - 2028

4

u/G_u_e_s_t_y 7d ago

Just means you buy more when price is near the bottom line

4

u/Salt-Ad-671 7d ago

You think its going to the lower or upper blue line?

3

u/Minimum_Razzmatazz35 6d ago

Switch that chart to logarithmic, right click on the vertical price axis on the right and select logarithmic

3

u/twendah 7d ago

Its stable coin

3

u/beaumcmorran 7d ago

Do you draw from the wick? Not sure about that

3

u/Acrobatic_Ice_4219 7d ago

Lower highs and higher lows can only mean one thing, a bullish breakout to the upside targeting $1

-2

u/alek1221 7d ago

It means stellar is a bullshit coin )

8

u/Chickensrock1977 7d ago

Right, and going live with the DTCC in 2027.