LONG Stellar STR XLM: More Bull Flag / Cup and Handle Repetition
If you followed my previous idea here published a little more than 24 hours ago:
you will see that Stellar has a tendency to repeat itself. A lot.
And low and behold, we are faced with another deja vu scenario of a situation that played itself not more than a day prior.
We reached our initial target of 620. But there is so much more left in store.
Here is yet another potential long scalping opportunity.
The market went into a predictable consolidation phase after the nice pump yesterday. We briefly touched our 643 fibonaci resistance level right on the nose and pulled back.
In the process, we formed a nice bull flag formation. The bulls grabbed her by the horns and decided they wanted out of the flag. And now we are faced with yet another
cup and handle scenario.
A clear break of the 630 neckline is where orders should be placed with confirmation of more upward movement.
This should take us to test the 690 fib resistance level. But I still think there is so much more in store.
Good luck!
you will see that Stellar has a tendency to repeat itself. A lot.
And low and behold, we are faced with another deja vu scenario of a situation that played itself not more than a day prior.
We reached our initial target of 620. But there is so much more left in store.
Here is yet another potential long scalping opportunity.
The market went into a predictable consolidation phase after the nice pump yesterday. We briefly touched our 643 fibonaci resistance level right on the nose and pulled back.
In the process, we formed a nice bull flag formation. The bulls grabbed her by the horns and decided they wanted out of the flag. And now we are faced with yet another
cup and handle scenario.
A clear break of the 630 neckline is where orders should be placed with confirmation of more upward movement.
This should take us to test the 690 fib resistance level. But I still think there is so much more in store.
Good luck!
Trade active:
Boom
Right. On. Time.
Right. On. Time.
Trade closed: target reached:
Target reached. Although MUCH higher on bittrex (xlm).
I think it's officially time for me to take my hard earned stellar lumens over to the other side. I've noticed that every pump reaches consistently higher levels (oftentimes substantially) on their platform vs. polo. I have no idea what to attribute this to (bot counts?), but it makes absolutely zero sense from a fundamental point of view considering they're the same coin.
XLM touched 750 multiple times, whereas str peaked just shy of the 690 mark. Maddening. But hey, profit is profit, right?
I think it's officially time for me to take my hard earned stellar lumens over to the other side. I've noticed that every pump reaches consistently higher levels (oftentimes substantially) on their platform vs. polo. I have no idea what to attribute this to (bot counts?), but it makes absolutely zero sense from a fundamental point of view considering they're the same coin.
XLM touched 750 multiple times, whereas str peaked just shy of the 690 mark. Maddening. But hey, profit is profit, right?
Looking at the bigger picture...all I'm going to say is...the next possible move up could be YUGE.
We'll see if this plays out how I envision it. But we still have a ton of room between now and the ATH at 33xx.