Huge shadow upward looks like some one build solid short position + on Poloniex you can see solid shadow downward. There is difference how these 2 shadows was build. The upward move was made step by step and had a little consolidation above 3200. The downward move was rapid (1 order fast drop) and only on Poloniex. By technical analysis you can see...
Technical analysis: . STELLAR/BITCOIN is in a downtrend and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 31. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00002990 to 0.00002840). if so, traders can set orders based on...
I think we just loaded enough longs for future growth. This drop was expected. Typical situation when the instrument consolidates in some area and drops just before the growth to push people who are doubting or entered position in a wrong time to close their positions and quit this trade. There is no actual pattern which will push us higher. But this area...
Hi again, I really didn't expect such a dramatic fall in BTC recently so my prediction of buying XLM at 0.195 ended up being wrong For that I apologise. What I expect from here is BTC to fall a little further over the coming days and weeks and with it the rest of the cryptosphere. 0.08c is a strong support for Stellar but not a lot in between unfortunately....
Trend reversal. Chart is self explanatory.
A quick look at bollinger bands on the STRUSD chart (Stellar on Poloniex). Hope you find this helpful.
Seems like its bottom. Chart is self explanatory
Chart is self explanatory. Also you can see a bearish flag patter or triangle. So we may see a good momentum acceleration after crossing 4300.
We may see quick growth back to the 0.26 cents. Lets see how it goes.
What do you think? Check out 4hr chart below
Chart is self explanatory.
XLM on the daily looks a little bearish now. RSI starting to drop, MACD momentum is evening out and I expect a crossing over in the few days. The first red candle has appeared since October 1st. Unless we see a big rally I can see us slipping further down as outlined in my last analysis.
As I've mentioned in my last TA, my buy area is in the .20-.21. I actually already have buys set at .195 in case they are triggered but I'm not sure if we'll dip below .20. RSI is oversold on the hourly. BTC continues to fall which is bringing the XLM price down with it. A strong performance by Stellar means that XLMBTC continues to impress although there has...
Based on RSI and MACD, plus BTC recent movements I will be waiting until a drop into the 4000-4200 range before entering a long with Stellar. I will be looking to buy back in at 0.20-0.21 USD which would mean a fall within this range (unless BTC breaks upwards which I consider unlikely). I will update this chart regularly. This is not trading advice, just my...
Seems like we are going to follow this picture while Bitcoin will continue downtrend. We may expect trend reversal around 2650.
We have dropped very fast right to the strong resistive zone. So now we should see correction to the 4300.
I have closed my previous trade at 4140. RSI on the hourly plus a look at previous consolodation period was my reasoning behind this. If you continue to short XLM it may make sense but I am just making this update to show what I am doing. Do you agree or disagree? Let me know Have fun trading out there and be careful.