Huge breakout towards Moon or Hell, let the whales decide.
XLMEUR prediction made 21/11/2019 17:48 GMT+1
We are in a descending channel for a while now and already in oversold territory -> Possible to hit the top of the triangle or top resistance level.
If we don't see big volume when leaving oversold area we may see a continuation to the downside. This happends if we retrace to previous support and bounce down big.
We are in a descending channel for a while now and already in oversold territory -> Possible to hit the top of the triangle or top resistance level.
If we don't see big volume when leaving oversold area we may see a continuation to the downside. This happends if we retrace to previous support and bounce down big.
Comment:
Currently facing resistance at € 0.055000 close above the resistance would be great IMO.
Comment:
Yesterday the day closed with a morningstar, and just today ( on the 4-hour timeframe ) a head and shoulders pattern has being made. Currently right below the resistance where we broke thru a few days ago, breaking thru it would be a good thing IMO.
If we eventually fall tho we would need to stay above the €0,047474, staying above it and going the 0,075 region would mean a head and shoulders being completed.
Not financial advise,
Trying to make it work ^^.
If we eventually fall tho we would need to stay above the €0,047474, staying above it and going the 0,075 region would mean a head and shoulders being completed.
Not financial advise,
Trying to make it work ^^.
Comment:
I forgot to put it on log scale that's why the small red line doesn't match correctly
tomorrow to the 8th we face that resistance. To see where we go, the huge breakout would be there IMO
tomorrow to the 8th we face that resistance. To see where we go, the huge breakout would be there IMO
