jojofang0901

XLM Exploded, are in the bullish move ?

Long
BINANCE:XLMUSD   Stellar / US Dollar (calculated by TradingView)

Hi everyone:

Stellar as expected have exploded to the upside once we see the completion of the HTF structure.

There was a LTF buy opportunity once price broke out of the structure, and form a continuation correction.

After that price continue to the upside massively, and now has consolidated a bit.

This is a good indication that price is correcting and we can see another strong bullish push up.

I would be patient here and wait for a LTF continuation correction to develop and finished to add to the buys.

Thank you
Comment:
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Comments

good job, but I believe that correction will not retrace to 0.25 $, I think buy zone is on 0.33-0.35.
+3 Reply
@omda72, Oh yea price doesn't have to hit that, its just a rough sketch of a correction, I cant predict exactly what correction will form or how deep or long, but looking for a completion of a correction to look for buys. :) thx
+2 Reply
@omda72, We tested .27 on a wick but then came back up to .32 so I believe you are correct
+1 Reply
Nice chart, thanks for sharing
+1 Reply
jojofang0901 Mahtab_Tradia
@Mahtab_Tradia, thank you :)
Reply
Beautiful Chart!
+1 Reply
jojofang0901 KlejdiCuni
@KlejdiCuni, thx bud :)
Reply
good analysis, thank you for sharing!
+1 Reply
jojofang0901 TradingAxis
@TradingAxis, your welcome :)
Reply
Already profited from your previous XLM analysis. Thanks Joe.
+1 Reply
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