If you want to be a master on trading, You must review over thousands charts! And, sleepless nights!
There is no overnight success in a trading life. Let me remind you one of my favorite old story ;
A Harvard professor once asked his students to do a special report on fish. His scholars went to the library, read books about fish, and then wrote their...
It's really good and I think if 1500 support holds the price we should wait for a nice uptrend.
Buy now (Because I saw it late we lose the bottom and a good R/R so if you aren't a risk taker buy after a confirmed break above 1800 with 1800 stop loss and same targets)
Stop loss 1500
Time analysis: 25 Jul and 2 Aug are two important...
I'll cut to the chase and say that I am bullish for Stellar in the short term.
Reason #1: It is my belief that Stellar found it's bottom and the recent bullish move that followed Bitcoin has only strengthened my opinion on this matter-
Reason #2: Looking at the charts we can see that this is a classic falling wedge formation....
Possibly had a Black Swan, i.e., extended wave 1 and truncated 5th. Since the primary wave 3 length is not at least 1.618 * primary wave 1 length then we expect for primary wave 5 length to be 1-to-1.618 the length from start of wave 1 through the end of wave 3, which equates to the 2-3 range of the white fib levels.
XLM broke above resistance and has come back down to retest it as support
If we can hold this level, possible targets are outlined in the chart
Ripple looks ready to run as well and they have both been correlated in the past so something else to keep an eye on
according to my analysis xlm/btc will go down because it is at retest of counter trendline break , it is at golden ration or 61.8 level of fibbonacci , it at resistance of 200 ma . just wait for a bearish candle and out from your running buy trade r take a short trade .
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