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Aswragentu
Sep 6, 2021 11:43 PM

XLMBTC Rdy To Bounce From Support ? Long

Stellar / BitcoinBinance

Description

Inverse H&S on the Daily timeframe which would result in an estiamted pump of arround 35% against BTC.
Current resistance at 865 Sats.

RSI in the 60's, With an ascending support line on the RSI.
MACD crossed Bullish.

First break until 1035 Sats with a retest of the 865 Sats to confirm the breakout from the H&S.
If succesfull we may search some higher values with resistance arround 1550 Sats ( From Broadening Wedge Look Chart )



On the weekly chart we still maintain the long term support line which we only broken /w the NoNo Virus at those times.

Do your own research this is not finacial advise.
GL HF Trading.

Comment

Comment

After The Sudden Shake-Out We Still Maintained Support On The Rsi And Above Our Long Term Support Line. ( Altho Wick Went Below ).
Making This A Small Reset On The Rsi Which Would Make An Even Higher Break Out If We Succeed. ( More Room To Grow In Overbought Again ).
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