Rising wedge - reversal pattern Moving to the support line of wedge
Stellar could be forming a new falling wedge inside a larger long term pennant. Expecting a further drop before bouncing off support. Opened a short position at 670 after price stalled and revealed the wedge's resistance, posted earlier today here: Target price around 550-570. Breakdown of this Fib confluence could bring price to the low 500s until support...
Stellar/Lumens has been hanging out in this channel. Keep an eye out for a break above or below these channel lines. BITTREX:XLMBTC
ENTERING A TRIANGLE PATTERN SHORT TERM LONG, GOAL 700
after reach our 100% target at previous analysis, lumen continue to perform bullish wave. We can set buy order if it touch support channel up and aim for bullish confirmation only at 843. If this level break up, we can aim for more target at 1683 Good luck
Im NEW to Cryptoworld ( trading just 2 months ) And I´m not sure for 100% but I think we have a finished CUP pattern before the breakout. Any opinions are welcome
- MONEY 20/20 (Oct 22-25) participant and sponsor for the event (Jed McCaleb one of the speakers) - TRADE at your own risk - Always set your stop losses
In my previous Idea on XLM I noted that I took out my initial investment and kept only the profits inside the market. Looking at the market today, I am close to reversing this step and putting even more than my initial investment into XLM. Of course the rise of over 213% in a span of a few hours is impressive but if we look at the bigger picture, is it really? ...
Green zones are to buy and red zones are to sell. But please follow the order-books preciously because its too volatile now. Buy partially
Such a piece of news and a price spike of course needs its accumulation period. We're right in its middle, where prices are bouncing up and down in the 520-580 sats zone. I confess I'm holding a nice chunk of this bad boy, so I'm a little biased over it, but I definitely think this is one of the few coins with a future around here and my investing/trading style...
Lumens met rejection earlier this week when trying to break up into a new trading range "box" (yellow) above the current one (orange). Still it looks like it wants to go higher, so watch closely this weekend and going into the next week.
49-51 is a good buy price for selling at 56K target1 or 60K target2 Green zone buy, red zone sell
In my opinion, Lumen didn't show it's real price yet, we have 1 more wave remaining and it already passed retracement and wave correction. Just buy it between 570-640 and wait for another x2 - x3. Good luck guys !
4470 is a brilliant buy price NOW! Especially good for cost averaging if you bought at 49-51