STELLAR (XLM) - 19(!!!) FAILED Attempts To Break The Resistance!
Stellar' fights with the round number area and with the area which has been historically a super-strong level to beat! Over the 2 week period it has 19(!!!) failed attempts to break above the mentioned levels and currently, we are trying twentieth times!
Positive signs that we can break this:
1. The price is above the minor trendline which is pulled from 25. July
2. The price is above the 50&100EMA
3. The price holds nicely above the short-term counter trendline (black dotted)
4. The price makes higher lows
5. ...and we can say that we are in the "Ascend(ish')ing' Triangle"
Previously this super-strong resistance was a support and also then we had around 20 attempts to break this, and after we finally managed to break through, it dropped 12-13%. Now, when we wait for a breakout upwards and if we manage to get a 4h candle close above the round number and above the blue line then it would be a massive confirmation to get some rally upwards around 12% into the September high and into the May low area!
NB: Definitely we have to watch what BTC' does! If it makes a breakout upwards from the triangle (watch BTC' idea post from my profile) then Stellar' just flyes away from the current level.
Hopefully, this quick overview helps You out a little bit to confirm Your own analysis and levels!
Please, don't forget to LIKE!
Thank You for your support!
Have a nice week!
*This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Positive signs that we can break this:
1. The price is above the minor trendline which is pulled from 25. July
2. The price is above the 50&100EMA
3. The price holds nicely above the short-term counter trendline (black dotted)
4. The price makes higher lows
5. ...and we can say that we are in the "Ascend(ish')ing' Triangle"
Previously this super-strong resistance was a support and also then we had around 20 attempts to break this, and after we finally managed to break through, it dropped 12-13%. Now, when we wait for a breakout upwards and if we manage to get a 4h candle close above the round number and above the blue line then it would be a massive confirmation to get some rally upwards around 12% into the September high and into the May low area!
NB: Definitely we have to watch what BTC' does! If it makes a breakout upwards from the triangle (watch BTC' idea post from my profile) then Stellar' just flyes away from the current level.
Hopefully, this quick overview helps You out a little bit to confirm Your own analysis and levels!
Please, don't forget to LIKE!
Thank You for your support!
Have a nice week!
*This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Comment:
Lol, here it comes - the twentieth attempt has failed to break through the blue line! The more powerful it is when we get a breakout, we don't act before!!!
Comment:
Here we are again! STELLAR 21. attempt to break the super-strong area!
If we get a breakout then we could see another leg upwards. We have to close above the $0.21 and we are free to go!
If we get a breakout then we could see another leg upwards. We have to close above the $0.21 and we are free to go!
Comment:
22. attempt was SUCCESSFUL to break the $0.21/super-strong are!
Currently, it retest this and readi to GO!!
Currently, it retest this and readi to GO!!
Trade closed: target reached:
Perfect!
