XLMUSDT - Triangle has to be broken. Up or down?
Nice to see you again, dear iJustCoin fan!
XLMUSDT is at the bottom of the triangle. This price level is 0.618 FIB Retracement level.
Is the correction is over? Nobody knows just yet.
The price might go lowerto 0.786 level which is $0,418 .
Whatever the the price will be we must prepare ourselfs for this current downward pressure reaching the end, so we will be able to open long trades again.
Traging algorith:
Step 1. Get the signal
We already got the buy signal from Blue LSMA
Step 2. Confirmation.
We are about to to get perfect buy set up
Buy Set up:
⦁ 6H Energy > 50
⦁ 12H Energy = 50
⦁ 1D energy > 30 or at least curved up
The chart is below:
2.1 Calculate potential exit zones(+)
If the $0.45 was our low, we might expect a move up to $1.11 level, which is more than 126% increasing in price.
2.2 Draw on the chart the time period you're planning to be in the trade(+)
Looking at the white energy a potential reversal might occue very soon. We may leg up April 23th and continue growing up till May 17th
So the whole move up might take up to 23 days.
The chart is below:
Steps to be done:
Step 3. Execute the trade
I've pointed a time period from April 23th till April 24th for my potential trade execution. I will execute the trade using 90M chart.
3.1 Increase your position on the way up
I'll use 90M chart to buy dips
XLMUSDT is at the bottom of the triangle. This price level is 0.618 FIB Retracement level.
Is the correction is over? Nobody knows just yet.
The price might go lowerto 0.786 level which is $0,418 .
Whatever the the price will be we must prepare ourselfs for this current downward pressure reaching the end, so we will be able to open long trades again.
Traging algorith:
Step 1. Get the signal
We already got the buy signal from Blue LSMA
Step 2. Confirmation.
We are about to to get perfect buy set up
Buy Set up:
⦁ 6H Energy > 50
⦁ 12H Energy = 50
⦁ 1D energy > 30 or at least curved up
The chart is below:
2.1 Calculate potential exit zones(+)
If the $0.45 was our low, we might expect a move up to $1.11 level, which is more than 126% increasing in price.
2.2 Draw on the chart the time period you're planning to be in the trade(+)
Looking at the white energy a potential reversal might occue very soon. We may leg up April 23th and continue growing up till May 17th
So the whole move up might take up to 23 days.
The chart is below:
Steps to be done:
Step 3. Execute the trade
I've pointed a time period from April 23th till April 24th for my potential trade execution. I will execute the trade using 90M chart.
3.1 Increase your position on the way up
I'll use 90M chart to buy dips
Comment:
Let's wait for this 6H energy (on the far left) to close above level 50 before we make the entry
Trade active:
Risked to buy here, because of 90M upward pressure. Let's see where it might take us
Comment:
Next Green EMA and Red Rsi cross might be a perfect long entry point
6H Energy > 50 (far left)
12H Energy is about to cross 50
1D is going up strong
I'll definetely will buy that. If price doesn't hit my SL, i am going to double my position
6H Energy > 50 (far left)
12H Energy is about to cross 50
1D is going up strong
I'll definetely will buy that. If price doesn't hit my SL, i am going to double my position
Comment:
Chart above has a 90M energy at the far right. It should be 1D energy.
Here is the proper chart
Here is the proper chart
Trade closed: stop reached:
My SL got hit, i will be buying back lower
Comment:
Price dipped down as expected. The whole move up was eaten by this current downtrend. Which gives us another perfect entry point!
6H Energy (right) - is going down , might reverse soon
12 Energy (center) - fooled me when it was about to cross 50. We have to wait at least another 24 hours to see it's nearing level 50 again
1D Energy (left) - going up, we will see a buy confirmation approximately April 26th
6H Energy (right) - is going down , might reverse soon
12 Energy (center) - fooled me when it was about to cross 50. We have to wait at least another 24 hours to see it's nearing level 50 again
1D Energy (left) - going up, we will see a buy confirmation approximately April 26th
Comment:
Buying momentum will occur between April 24th and April 26th
Comment:
Near-term
1D Energy (first window) - going up
2D Energy (second window) - ready to reverse
4D Energy (third window) - dipped down pointing we are nearing the bottom
1W Energy (fourth window) - going down. it might reverse with the 1D,2D,4D
1D Energy (first window) - going up
2D Energy (second window) - ready to reverse
4D Energy (third window) - dipped down pointing we are nearing the bottom
1W Energy (fourth window) - going down. it might reverse with the 1D,2D,4D
Comment:
I am ready to open long position. I am waiting for Upward Pressure on the 90M chart
We have a perfect buy setup:
6H Energy (left) > 50
12 Energy (center) > 50
1D Energy (right) going up
We have a perfect buy setup:
6H Energy (left) > 50
12 Energy (center) > 50
1D Energy (right) going up
Comment:
Waiting for the next coming 90M upward pressure
Comment:
We got another 90M upward pressure
Short-term chart
6H Energy (1st tab) - is curving up
12H Energy (2nd tab) > 50
1D Energy (3td tab) = 50, but(!) we have 14 hours remain to close like that. If we close with the 1D energy at level 50 that convience me enough we are going up to execute a buy trade
So i am waiting till 03:00 AM April 26th to get a confirmation from this short-term timeframe
Near-term chart
1D Energy (1st tab) - it's nearing level 50, we should wait to see it close like that
2D Energy (2nd tab) - coming up, that's good.
4D Energy (3td tab) - is still going down, we need to this 4D curving up. We may see that's happening April 27th, when this 4D candle closed.
1W Energy (4th tab) - is fading. That's what i don't like about this buying setup. Is it possible it will continue to grow? Yes. We need to see 1D Bluse LSMA and Energy to reverse first.
Short-term chart
6H Energy (1st tab) - is curving up
12H Energy (2nd tab) > 50
1D Energy (3td tab) = 50, but(!) we have 14 hours remain to close like that. If we close with the 1D energy at level 50 that convience me enough we are going up to execute a buy trade
So i am waiting till 03:00 AM April 26th to get a confirmation from this short-term timeframe
Near-term chart
1D Energy (1st tab) - it's nearing level 50, we should wait to see it close like that
2D Energy (2nd tab) - coming up, that's good.
4D Energy (3td tab) - is still going down, we need to this 4D curving up. We may see that's happening April 27th, when this 4D candle closed.
1W Energy (4th tab) - is fading. That's what i don't like about this buying setup. Is it possible it will continue to grow? Yes. We need to see 1D Bluse LSMA and Energy to reverse first.
Comment:
Short term chart
6H Energy (1st tab) > 50
12H Energy (2nd tab) > 50
1D Energy (3td tab) > 50
Short term chart is telling us we have a chance to reverse from here. It's time to buy. Let's take a look at near term chart.
Near term chart
1D Energy (1st tab) > 50
2D Energy (2nd tab) nearing level 30
4D Energy (3td tab) - going down , we wait for April 27th, when this 4D candle closes
1W Energy (4th tab) - dipped below 50
6H Energy (1st tab) > 50
12H Energy (2nd tab) > 50
1D Energy (3td tab) > 50
Short term chart is telling us we have a chance to reverse from here. It's time to buy. Let's take a look at near term chart.
Near term chart
1D Energy (1st tab) > 50
2D Energy (2nd tab) nearing level 30
4D Energy (3td tab) - going down , we wait for April 27th, when this 4D candle closes
1W Energy (4th tab) - dipped below 50
