SimonMercier
Long

*Serie A coins* XLMBTC

BITTREX:XLMBTC   Lumen / Bitcoin
hi guys,

Ive told some people about my wish to post some of my recommended coins, named 'Serie A coins'.

I iniate this serie of post with Stellar             Lumens, also know as XLM             .

First i will talk about TA projection and second, why XLM             qualify as a Serie A coin

On this chart we see a classic 1-5 wave with a retracement, on shorter time frame we see number of indicator showing a consolidation. This projected consolidation could lead XLM             to re-test the top. If this attemp is failed then a double top is a strong indicator of a bigger retracement.

Double top projection ( bearish ) :

The bullish alternative count if top resistance is broken :

Criteria that make XLM             a Serie A coin :

And much more !

I hope you will aprreciate the 'Serie A coins' posts.

Simon
Comment: touched 2 times our support line. if lower highs, support could broke
Comment: bounced at the exact projected position shown by yellow arrow!
Trade active: follow the projection
@SimonMercier Thanks for analysis, I hope it will start going up this week. But I think with this bearish BTC... I don't know...
XLM need some good news to pull a triger
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MaCD on daily TF already crossed bearish. I'm leaning towards a weak bull move once btc settles, then slow downtrend until New cycle
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SimonMercier whoisthelorax
@whoisthelorax, to confirm a bearish trend i always wait a double top on MACD 1D. Saw too many bearish trap forming a LS before making the real gains at H.
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pforestbird SimonMercier
@SimonMercier, I also believe in a good sign when the MACD is going to cross the signal line from below, indicating a trend change. But what do you mean by a double top in MACD ? Can you make an example?
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