Just started on Tradingview platform so I appreciate any feedback.
Anywho, onto the analysis! (Using 4H chart)
In my previous post(on my old account, I apologize), I commented on the Head and Shoulders Pattern on the 4H chart:
"ETH formed the right shoulder on the 4 H chart overnight essentially reversing the positive trend ETH was previously on. It...
XLM is a strong crypto asset in and of itself, worthy of a long-term hold. However, it's also at a really great entry point right now.
You can see XLM has been in a steady up-trend. Furthermore it made a new high, retraced, and is on its way back up. Looking at a 1 day chart it is a fairly obvious W formation, which indicates the previous ATH will be broken on...
It is a good idea to open long position at BTC/USD . market price is around moving average(50 the red one). if the market goes over the moving average(50) the price would goes to moving average (200 the turquaz one) which is 16000 usd . The profit should be taken at price 16000$
Price broke above resistance & is currently sitting above the 61.8 level. I believe more upside will come to this pair & weakness to CHF. "W" formation as well, for full target details ask for telegram I don't think ill be posting much on here from now on.. Well see