symmetryfx
Long

Stellar Lumen - Breakout coming soon

BITFINEX:XLMUSD   XLM / Dollar
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Altcoins decorrelating from Bitcoin:
- DOGE
- XRP
- TRX
- ZRX

Current Bitcoin volatility is very low -> Trending Market soon.

Stellar Lumen has bullish Price Action setting up
Comment: Bullish Engulfing Daily Candlestick setting up - buyers would be in control
Don't trendlines have to have at least 3 touchpoints to be validated? I see you drawing them between only 2 touchpoints.
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symmetryfx Pickingark
@Pickingark, For Trend Lines: Point A (wick) Point B (wick) and into the future. No wicks or candles crossing between Point A and Point B.

Once a Trend Line is drawn (Point A and B) a "Triple Touch" Rejection of a Trend Line actually makes for great trade set ups. Daily and H4 Trend Lines are more significant that M30/H1 Trend Lines.
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