robbiegrass
Short

STR/BTC possible rising wedge - awaiting breakout

POLONIEX:STRBTC   Stellar / Bitcoin
372 0 2
Stellar             has been moving up lately and in my opinion it's time for a correction.
Stellar             also seems to be forming a rising wedge on the STRBTC             chart which could indicate a trend reversal.

Open trade: clean break below the lower line of the wedge . I'll be looking to open a position if prices breaks beneath 1410 Satoshi
TP1: 1275 Satoshi (previous resistance and also 0,5 fib retracement)
TP2: 1210 Satoshi (previous resistance and also 0,618 fib retracement)
Stoploss: 1475 Satoshi
Profit loss ratio: 2.1/1 to 3.1/1


Please note: Sudden rises or falls on the side of Bitcoin             could influence the graph.
Trade active: breached through lower wedge line
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