TradingView
trianglescrypto
Jul 13, 2020 6:27 AM

XLM ascending triangle Long

Stellar / BitcoinBinance

Description

There are two ways this could go. A slight bullish divergence in hourly RSI + the last bounce off the bottom of the triangle (which is also the 89 MA) make me lean bullish, but it's getting late. We'll know pretty soon.

Comment

Bounced off the top and broke down. Likely more downside to come.

Comment

The triangle continued to develop and broke out to the upside on a 4H chart, followed by a pullback. Looks very strong.
Comments
boeing787
entry at 900?
trianglescrypto
@boeing787, could be a good play!
boeing787
what do you mean it's getting late?
trianglescrypto
late into the triangle I mean. would have liked to see an earlier breakout
boeing787
@onefiftythree, i see, is there a possibility of bearish movement ?
More