prodigy81

XLM BIG BULLISH: $.50 soon

Long
BITSTAMP:XLMUSD   Stellar Lumens / U.S. dollar
Is a triangle is bullish or bearish at this point? I don't care. We are a few hours to assist (on this 4h chart) a breakout and might see the moon at $.50.
As you can see in all the big last moments of Stellar / XLM (p.e.: last +130% = Ukrainian Government Announcement) are connected with their own press releases. I've found out that they are announcing in January (we are on the last week ;-) ) the roadmap of 2021. This might be the trigger for XLM buyers and at the moment we have already ETH's buyers that got the new ATH . Maybe already tomorrow morning.
SO these are only my thoughts, not trading advice.

Infos:
04. 01 .2021 the Ukrainian Government announcement (https://stellar.org/press-releases/ukrai...).
09.12.2020 Bitbond and bankhaus von der heydt use stellar press release (https://stellar.org/press-releases/bitbo...)
Comment: North or South?
Comment: One more idea:
Bullish. "Pennant" (but no confirmation: Not enough Volume):
"Pennants are continuation patterns where a period of consolidation is followed by a breakout used in technical analysis.
It's important to look at the volume in a pennant—the period of consolidation should have lower volume and the breakouts should occur on higher volume."
Bearish: confirmation of Head and Shoulders pattern and breakdown and huge drop (symmetrical triangle).
Comment: Today is the last day of the pennant (3 weeks):
"Understanding Pennants
Pennants, which are similar to flags in terms of structure, have converging trend lines during their consolidation period and last from one to three weeks. The volume at each period of the pennant is also important. The initial move must be met with large volume while the pennant should have weakening volume, followed by a large increase in volume during the breakout."
I just wish some volume today.
Comment: We are above but with no volume, so we must pay attention because it can be a fake breakout. We are keeping both supports (diagonal and parallel) but eventually testing too many times. Let's see...
Comment: Just found out this on 30 min chart. a triple bottom and ascending triangle that means a bullish signal: "Triple bottoms, on the other hand, are bullish in nature because the pattern interrupts a downtrend and results in a trend change to the upside. The triple bottom price pattern is characterized by three unsuccessful attempts to push price through an area of support. Each successive attempt is typically accompanied by declining volume, until price finally makes its last attempt to push down, fails and returns to go through a resistance level.
Comment: Full scenario and eventually last chance to see if it's going noth or south:
Comment: Sorry, 1 more: Inverted Cup and Handle:
In total 4 bullish: this, ascending triangle, triple bottom, descending volume...
Comment: Sorry for the last chart (inverted cup and handle). I'm also learning: by definition, we need more time a cup and handle and inverted is bearish and normal is bullish.

By the way, we did a breakout- triple bottom confirmed (above the up line - diagonal resistance) but returned inside. Let's see for the next hours...

Comments

I can only wish for this to happen.
+4 Reply
Great fundamental & technical review, thanks!
+1 Reply
some big news: Signal & Stellar
https://decrypt.co/55422/signal-is-experimenting-with-stellar-based-cryptocurrency-report but no immediately effects on the markets YET
+1 Reply
⛽, Pump, Pump
Reply
and BTC just did an H&S but didn't drop yet... unfortunately it seems that February will be harder (or not)
Reply
Don't all signs point to south at this moment?
Reply
prodigy81 RickDeutsch
@RickDeutsch, yes! but BTC, ETH (+press release) will decide the next move. By this chart (photo) we have until 28.01.2021 to see if it's going north or south. At this moment it's a fake breakout because there's no volume at all. As I've written we can only be bullish with a press release of Stellar, unfortunately.
+1 Reply
prodigy81 RickDeutsch
@RickDeutsch, and yes south/bearish ... in less then 1h this might happen:
Reply
RickDeutsch prodigy81
@prodigy81, btc has been absolutely all over the place. Been awhile since I have seen this many ups and downs
Reply
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