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Fail
XLMUSDT
Long Entry 0.3973 2025-08-07 02:53 UTC
Target 0.7800 Fail 0.3500 In 4 Weeks
Risk/Reward 1 : 8
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Final PnL
-11.91%
P/L:
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XLMUSDT
Fail
Cryptocurrency
Technical
1H
Analysis Predict Bull Market
The analysis focuses on XLMUSD. The presenter notes that the currency is forming a bull flag pattern on the daily chart, indicating a potential move upward. The current price is around $0.40, and with the measured move of the bull flag, the target could be up to $0.79. The bull flags can be unreliable and measurement is not a requirement. On the one-hour time frame the RSI is highly volatile and has just broken out of a downtrend. If it gets overbought, the breakout of its current consolidation phase is to be expected. On the four-hour time frame, the currency shows a three-phase ABC correction. If XLM gets overbought, it should break its current range. The currency needs to break about 0.47 to continue upward. With a combination of Fibonacci retracements to establish targets, the goal by Wednesday August 18th is expected to be 0.78, but resistance is to be expected at 0.46.
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