There are two ways this could go. A slight bullish divergence in hourly RSI + the last bounce off the bottom of the triangle (which is also the 89 MA) make me lean bullish, but it's getting late. We'll know pretty soon.
Take a look and see for yourself. Friend of the trend. Support Resistance flipped, fast bounce from new found support, looking bullish, one hour RSI looking ready to make a turn around again. If we back test support again, look to add to a long position before this coin goes parabolic like the other alts.
Resistance found and holding, XLMBTC looks likely to retrace to 0.618 area if price moves toward this area relatively quickly then RSI will begin to show divergence again (hidden) signalling a continuance of the trend upward. I'm looking for divergence and price action to show when/where to enter into longs near the 0.618 level.
We were in this channel for more than a year and now break out occurred with high volume. Formation's lowest target is around 1350sats but because of the long consolidation, it is more likely for XLM to see higher price levels.
Please feel free to comment or challenge me on my TA. If you like my idea, please leave a like to show support.
- XLM broke through the 12-month consolidation range
- Closed and rose further on the daily chart
- ADA has done the same this month and went on a 110% bull run. Should XLM follow the...
Hello everyone !
I wish you all nice day my dear followers, friends, newcomers and randoom net troll visitors.
Lets focus closer on The accumulation of wealth today at this chart
Accumulation function, a mathematical function defined in terms of the ratio future value to present value
it is literally the process of gradually increasing in amount, or the...
update for the first and 2nd targets, time duration aprox. 1-3 weeks
please check previous stage
original entry was 1933
no trading advice
After we'd reached the top of the horizontal channel which is the accumulation zone, XLM went down and now we are at the 61.8% Fibonacci level.
Stellar grew in correlation with Bitcoin. During the last weeks, only two coins were growing paired with bitcoin - DGB and XLM.
In my opinion, we are still in the zone of accumulation. After we'll break the resistance...
I have been really enjoying watching the growth of these accumulation patterns. I have a few buys set down near 600 Herewith XLM you see a very nice breakout of the resistance from a few years back. We have been trading in a nice box range and I took an entry around 720 Satoshi. There is a huge profit potential around 160% here and it is a similar play to some of...