XLM/BTC on Bittrex: Trending Upchannel
What I see happening here is the formation of a trending upchannel. I am currently aiming for a target of 700 sats. If the channel breaks down, I think we may see good support between 425 and 450, and if it continues the current trend upward along the channel we may hit the target sometime early next week.
Disclaimer: I am not a professional trader and cannot offer advice on trading. All views expressed here are my personal opinion, and do not reflect advice in a professional capacity. You understand that if you decide to use my analysis, you do so with the knowledge that you are responsible for your own decisions and actions in trading and cannot hold me accountable for any losses you incur.
Disclaimer: I am not a professional trader and cannot offer advice on trading. All views expressed here are my personal opinion, and do not reflect advice in a professional capacity. You understand that if you decide to use my analysis, you do so with the knowledge that you are responsible for your own decisions and actions in trading and cannot hold me accountable for any losses you incur.
Comment:
It looks like this one broke out of the channel and is heading sideways a bit. Looking at the 15 minute timescale earlier today, I could see a bit of a whipsaw happening in about a 5-10% channel as it went sideways. It would seem this one may be on a longer wave pattern, but the news of partnering with SatoshiPay is promising, and we may yet see some more FOMO pump if this is seen as good news by the community. I’m in for the long haul, not selling yet.
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