A looking setup with the ma50 now acting as strong support. Ma20 is probably going to stay above the ma50 and imho all systems are go to attack that so important 0.000012 level again. MOON is above that, but let's take it step by step from here. I rather don't see price trade below the ma50 very short term (except for a spike candle which is reverted asap ), that's a serious warning sign I have it wrong. That this idea wasn't a good idea at all...
Note that -- as on so many occasions - the confluence between (relatively) 'flat' and the Ma50 gives great entries. If you are in from there, you are safe whatever may happen. You don't let that turn into a (big) loser, stops near entry. Trading from the sofa. It works on all timeframes, and the 15 minutes makes no exception. The latter is therefore really suited for daytrades or trades with a 2-3 days scope , or as a zoomed in entry within the scope a larger idea/longer term trade.
There is something more to it to explain though, it's not all that simple sadly, and I will try to work that out in a more elaborate idea later.
Safe trading and meet you in the comment section if XLM is a crypto you (want to) trade or HODL!
ForecastCity_World has a nice idea on XLM longer term. You should look there.
Triangle still valid, sooo close.
Look @ this guys. 61.8 fibonacci level could match with that trendline support (confluence and not on a small level, those are two major elements). Maybe I'll work this out more thoroughly in an idea. wanted it to share already.
618 fib + ma50 4h + trendline support
Under (when we sail more south we have the next fib level 786 + trendline support
Interesting setup ST now. Looks like XLM is absorbing it all.
Support. Undershoot possible, could lift off from here.
I trade alts to gather btc, not usd. So if btc fails my alt trades are for the garbage belt. It's 'all in' really, not just dipping a toe. I mean 'all in' with trading capital, not your 100 percent assets. You are allowed to live in the meantime.
This pic I made yesterday actually, it's a draft. But hey let's throw it in.
It's just 'a' setup, could work out otherwise but it is clear t me that this fib level 618 is truely important. We have under still a parachute but I really would like to see this area hold.
Possible inverse SHS
Indeed promising. Let's see how it goes. BTC bulls as well vs usd