We're looking at another battle of price vs trendline. Trendline fights well for the win and I am expecting Apple to fly upwards to previous ATH. Good RR ration in this trade.
Apple will fall today only if whole market starts falling. Then we should expect going lower to 130/126 levels or retesting 100 bucks again.
Cheers and DYOH
Perfectly bounced off the support and after yesterdays sessions sentiment in general is bullish (still we have some room to go down before earnings). If price will break the resistance ~$138.5, we should see strong moves to the upside.
We've heard gossips about possible Apple's partnership with Hyundai in order to build their autonomous car. Sales are looking good, M1 processor is a cutting-edge technology, but the problem is makroeconomy in US and S&P overall. Two possible scenarios shown on the chart. If it breaks the trend (less likely) we will see move downwards to ~125 if not lower. Other...
I would short LINK basing on overall condition of crypto market. It is generaly in good condition, that's why it should bounce back from the support near 13.5, if it breaks it will retest 10.5 support. RSI looks fine, but we broke out of the trend.
XLM oversold on multiple timeframes. In my opinion correction on BTC has not ended yet - we will see more moves downwards in this week. If BTC won't retrace to ~24k then we shouldn't break the support ~0.23. XLM has strong fundations and for me anything around 23/24 cents would be a buy signal (risky, but a buy signal).
Hello there fellow traders and merry christmas!
Last 12 hours were a ride, ey? As a result of SEC charging Ripple and two executives we've seen a massive sellout of both Ripple and Stellar. Ripple broke down several dozen percent to it's good ol' support ~34/35 cents and Stellar is lurking around ~14.5 cent level.
I bet you're asking youself what now? On the chart...
For me both future earnings and hype over M1 chips will eleveate price to at least 130$, maybe new ATH. For now we need to break over the strong resistance (~125$) and then the path is clear. Watch out for the volume...
Stop loss as marked with the rectangle
XLM testing lower band of triangle for the second time. I believe, but it all says we're bearish atm. In addition volume is decreasing, let's see what next 48 hours will bring.
Wouldn't short - watch and practice.
Hi fellow traders, here's my idea on XLM. Recently we've seen some rapid gains on Stellar and now we're sliding smoothly into sideways trend. In short-term I am bearish on XLM. Need to stabilize before another leg up.
Comment on your thoughts regarding my idea.
*Not a financial advice