Stellar lowkey has the best chart in crypto. Look how perfectly the upside target of the symmetrical triangle lines up with the established trend. Looks like $XLM is either 2-3xing soon or heading below zero. A break above the 200MA is the first step up, followed by a break of the triangle resistance line.
“Don’t fight in the North or the South. Fight every battle everywhere, always, in your mind. Everyone is your enemy, everyone is your friend. Every possible series of events is happening all at once. Live that way and nothing will surprise you. Everything that happens will be something that you’ve seen before.”
IF (big if), the new bull channel is validated, the two entries I'd be looking for are on a double-bottom either on a dip into the buyzone (ideal) or the bottom of the trendline.
Bearish continuation if price dips below the buyzone and confirms it as resistance on the other side.
The key for me for profitable swing-trading is avoiding bets that go against the trend. That means when the general trend is moving up, I only look to catch the bottom of a channel for long (buy) opportunities (as opposed to trying to short the top of a channel).
As you can see in the chart, FLDC is in exactly this position of being at the bottom of its channel...
Watching $LSK for an entry signal on a strong bounce off this historical resistance line to confirm it as new support.
If it comes through, #Lisk could be in for a moonshot. Otherwise we could be in for a retrace to either ~140K or ~80K.
From the missed trades file, totally slept on this beautiful 1D cup & handle on $START (not $strat!!!).
However the rise after completion seems fairly insignificant/non-existent compared to the formation, so I'm looking to see a strong rejection of the support zone and get in for the REAL move up.
Also, look at that beautiful Bollinger squeeze leading up to the...
Let's see if #BTC wants to play the Elliott Wave game all the way through.
5 points up, 3 points down.
If bitcoin price fails to reverse at point C it will signify a completed Head & Shoulders, but if it completes as intended the next stop would likely be a 20K retest.
Estimation of potential Elliott 5-wave + ABC correction. 5-point move up followed by 3-point move down. "A" should line up with "3" and "C" should line up with "5"
Elliott wave does not complete, sideways consolidation action occurs instead, great swingtrading potential within the 43% sideways channel
Please reference Chart.
1. The current CND channel, marked in purple, shows the potential for completion of Elliot 5 Wave which states that price action travels using a 5-point wave followed by a 3-point correction.
This would leave CND with one more wave back to the top of the channel at about 1550sats, and would then experience a 3-wave corrective move.
Just broke through support and trend lines, dropped fib channel, rsi negative and MACD negative.
If I hadnt been out the last few days I definitely would be now. Will likely produce a good spot to reenter when it's done.
What I See
Looking at the chart, ANT seems like a good candidate for a rocketship in the near future. The coin recently tested its floor twice in quick succession, with the 382 fib line now having been breached. My main concern is that 200MA is still well above both 50 & 7 MA, but if we begin to see a pivot from from the 2 lower lines (edit: which you can...