WARNING: I find BTC pairs difficult to analyse since BTC touched 40K because now BTC is continuosly under the spotlight and many corporate investors are buying. Such things tend to invalidate TA. So be careful
TA:
This clearly is a falling wedge almost close to the 0.786 Fib line, a zone where reversals tend to happen the most. Indicators say XLM is in the oversold zone but the tendency is still to go down. If you wanna accumulate you can start from here up to 593sats. If it goes lower than that stop buying, use -10% from 593sats as stop loss.
USDT pair is unclear so this is uncertain, for this reason I suggest to cost average with small amounts.
TA:
This clearly is a falling wedge almost close to the 0.786 Fib line, a zone where reversals tend to happen the most. Indicators say XLM is in the oversold zone but the tendency is still to go down. If you wanna accumulate you can start from here up to 593sats. If it goes lower than that stop buying, use -10% from 593sats as stop loss.
USDT pair is unclear so this is uncertain, for this reason I suggest to cost average with small amounts.
Note
breaking out attempt!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
I do TA because I like and it seems at least 70% of my calls usually turn out to be true. If you wanna support me please donate some tradingview coin or check "about me"
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.