DLavrov
Long

Stellar Pennant Chart Pattern

POLONIEX:STRUSDT   Stellar / Tether USD
The price bounces from SMA50 which is a support line for the market. MACD lines support upward movement. Also we can draw a pennant chart pattern which also confirms further upward movement. If the price breaks the resistance line of the pennant , this pattern will be realized as a continuation pattern. It will give us an additional confirmation of the upward movement. Pending orders for buy should be placed at 0.035000 level with stop orders at 0.028000 level. The main profit target should be at 0.048000 level. The part of trade volume can be left for the higher target at 0.070000 level.
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What are the prospects for STR. In the near future there will be growth or a coin already going down?
+1 Reply
break bullish confirm, thank's lavrov very good analysis
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Descending triangle? Down movement in that case.
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how is this looking to you guys still? what's the timeframe on this trade?
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But wouldn't it touch the trendline first?

snapshot
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Thanks Dmitriy for your advice and guidance. Great help.
When you are saying "Pending orders ... at 0.035" - is there some type of order on Poloniex which allows me to go long and not get executed immediately while the current price < of order price?
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@ktovet, read about stop-limit order, can be used for both buy and sell and is found between then buy order and sell order tabs on polo (has a little "whats this" link at the top right which explains it all).
+2 Reply
ktovet PRO Snapcrackle
@Snapcrackle, Thanks mate.
So you're saying that even though I have no open position I can use stop-limit in order to get into a position (always thought its just to bail out)?
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Do you have any indicators you recommend for traders?
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Do you do any cross asset correlation when doing your analysis, DLavrov?
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