I'm hoping for a repeat of the previous rise to the resistance of the parallel channel. It looks like we've broken resistance and are on the way. The only thing standing in the way is the large resistance in red.
Daily chart. Every indicator is showing bullish while PA is breaking EMAs and the bullish crossover is near. Volume defines S/R areas on red line, more or less where i will take profits.
- MACD signal crossing ZERO line
- RSI breaking 50 and supporting
- ADX on sideways but DI+ dominating.
- STOCH is crossing bullish outside the overbought
if it is 5.0 pattern like this www.yourfxguide.com then great if it is shark pattern then we f.... so anyway take profits and wait until btc break there is no such a thing as btc dominance drops and alts pump btc has to reach a new ath and btc dominance breaks alts run will c today i think
XLM maintains prices near the 0.6260065 point.
The most important thing to think about is whether you can climb above the "Trend line started at the high point".
In order to rise above the downtrend line, the price would have to remain above 0.06727739.
Welcome to this simple trend analysis and call for R:R 75
"Only" 180 Billions needed for XLM market cap to reach 10 USD/BITTREX:XLMUSD which would bring 10.000% profit expected
If you put in 1 000 USD INVESTMENT NOW then it could turn into 99 000 USD PROFIT in approx. 2 years
Important info explained on chart itself but if you are in doubts...
A group of altcoins has reached rock-bottom twice now and they seem ready for a bull run. Good time to enter a position on coins listed in my Altcoin Index after doing your own research. Always use a stop loss, and good luck in your trading.
Priceline of XLM / US Dollar has formed a bullish BAT pattern and entered in potential reversal zone and ready to hit the sell targets soon insha Allah.
But the volume profile is still showing the traders interest below the PRZ area even the POC of volume profile is also below the potential reversal zone, therefore I would suggest for secure trade we can wait for...
Wow, the bear market for XLM really seems never-ending doesn't it? Well, the good news is, there are several factors leading me to believe that this may FINALLY be the bottom. I know, I've tried to call the bottom on the XLM/BTC ratio a number of times this year, but each time XLM broke support. I did mention, however, that XLMUSD was still in a clear downtrend,...