BEARISH SYMMETRICAL TRIANGLE PRICE ACTION
This chart pattern starts forming with bears already in control of the exchange rate's downtrend. Then both bulls and bears try to squeeze on each other by creating higher lows and lower highs respectively, till the bears finally break the triangle's lower border created by the bulls, and the exchange rate continues its...
There is also this on my mind.
fairly straightforward and speculative.
if not .29 then .25?
if not .25 then .11?
it's of those...
this chart came forward out of: "imagine getting robbed for $40 and the guy only wants quarters, and insists on them." being a concept for a stop loss.
Entry: after breaking the triangle's upper border at point (5), either with an entry after the breakout, or after a possible retest of the upper border's breakout rate.
Take profit: identified by measuring the vertical distance between the first resistance (1) and the first support (2), that measurement is then applied from the breakout rate (5)
Stop loss: can...
Here is another idea for XLM. This current structure look like accumulation.
I expect the price to continue going higher to test the resistance way above.
I pointed the potentail momentum of the beginning of that move up at the chart with greeen dashed lines.
I expect the price to move up somewhere between May 29th and May 30th.
We're currently seeing a good pullback in prices and now searching for resistance/ supply. We are expecting price to find resistance within either of the two zones for then prices to fall back down towards our pivot point.
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try to accumate in all buying positions
buying 1 - 22% buying
buying 2 - 33% buying
buying 3 - 44% buying
If it doesn't reach at buying position 3 or 2 don't worry, enjoy the profit from 22% or from 33% buying
(If the market comes down more this technique will help to average out and gain profit in every situation)
Remember - NO greed by putting whole fund,...
XLM is currently very much in a bullish channel. The way it currently looks its set for new all time highs very soon. We will look for support in either of the confluence zones drawn on the chart. Increasing buy side volume can also been seen which is a good indication for prices to break out higher.
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Nice to see you again, dear iJustCoin fan!
XLMUSDT is at the bottom of the triangle. This price level is 0.618 FIB Retracement level.
Is the correction is over? Nobody knows just yet.
The price might go lowerto 0.786 level which is $0,418 .
Whatever the the price will be we must prepare ourselfs for this current downward pressure reaching the end, so we will...