In my previous post, I illustrated a possible trade, which initially started off very bullish, yet turned out to be bearish. A triangle with everything going for it could still go both ways: break out through its resistance, or fall through its support. The second scenario happened; as soon as it broke support, we knew the trade wasn't worth continuing. I'm...
This is a trade I made this morning when looking through charts. The guys in our excellent Crypto Cartel Discord were asking when this was at the top for areas to rebuy. I had this exact area drawn on my chart, although I've cleaned it up now for presentation. Things I don't like on this chart: Stoch Pattern is not what I regard as bullish Willy21...
Exciting times: - XLM has created a relatively strong horizontal support (green horizontal line), so downward movement should be limited - XLM is about to break through the triangle, which would immediately push it upward - Also note below: the MACD is about to form a golden cross just below zero (red & blue lines crossing) - RSI is somewhat more in the "oversold"...
Hi, I gave some of my technics here, 1)place your supports/resistances (and look at it like a ping pong ball going accross lvls 2)look if there is a channel that could help you decide to stay in the trade or get out. 3Use ichimoku for the trend. Charts speaks for it self. Enjoy
My last target was reached, and followed by a quick fall, with a movement down to the support likely. Those levels present a good buying opportunity, with a target of 0.000107. I will set a stop loss at or around 0.00008, and will keep that for further buys.
The first target is to 0.00011, at the resistance. A fall below the support likely indicates a return to pre-spike levels at 0.000045-0.000075.