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TheMagpie
May 12, 2019 8:34 AM

Potential H&S forming on XLM/BTC. Watch these key areas. 

XLM / BitcoinBitfinex

Description

Potential H&S forming on XLM/BTC.

The next day should tell us what we need to know and whether a reversal of the bearish trend will happen.

With BTC gaining a lot in the last few days it has made trading tough and a lot will depend on BTC performance but if we can break through that neckline and climb to 1500 sats then we may see a quick climb.

Keep your eyes on the charts as falling through the 1375 area would negate this trade and the H&S formation. As it is we are very close to the tip of the second shoulder if one is to form.

Good luck out there

Comment

Bounced at the 1370 area. This COULD be a potential duble bottom depending on how strong that support is. Interestingly this is the same level XLM was at before the bullrun of December 2017.

Comment

ABORT

Comment

Boom
Comments
CryptoEngineering
If you want to be a master on trading, You must review over thousands charts! And, sleepless nights!


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