Updated

Stellar could be moving

What i see here is this huge cup and handle. I think a few things make this next breakout probable. The rsi has bounced of 50 on the 4 hr after crossing it and maintaining above it for the first time since the market reversal we have been experiencing, which tells me there is support there. The adx is also bouncing of 25, and i believe there is a MACD bullish crossover as well forming. With BTC aiming 10k we are good for a push up.

We are way above the cloud and could get some pullback, however on the 1hr we just had a twist and retwist of the cloud in bullish favor. I will be watching to see if the 4 hr 50 rsi is closed below to reevaluate my trade or to add on depending on the circumstances.

My trade was made long ago and targets for me are .47, .53, and .63 as long as all goes well. This will more or likely wont go straight up since there has been lots of selling the past couple days, seems like people are liking the profits from early entries.
There is still more profit to come so lets hope BTC doesn't correct too hard any time soon and see where this goes.

Note

The twist and retwist with channel and some of my minor and major resistance.

Note

lets hope we stay inside the channel.

Note

Would like to see the 1 hour rsi bounce off around 50. would show me support at channel is currently strong. If broken might be looking to add some.

Note

looks good let's see what happens. i sold channel break and reentered .343

Note

sold .371.gonna wait a while and see where this looks like its gonna go before reentering. a good trade so far, started at .196 .The cup and handle is looking good so definitely a reentry in the future. this is my first trade published and will continue to journal it here.

Note

Going try and get reentry closer to recent bottom if possible, it would fill the cup nicely and keep price above cloud. if BTC continues to dip then this could easily test lower support beneath current handle at which point it will extend but still be good in my opinion. cup and handles have been breaking out nicely on other coins recently so I'm definitely looking to trade this one

Note

looking for an entry now. would like to see it drop to next support or even .30. there is regular divergence on 1 hr so im looking closely for a quick short trade if another quick dip happens.

Note

made risky entry at .3455 using small portion exited amount. Might sell if doesn't work out.

Note

got scared and sold .3515

Note

added fib. looks like %.50 would be perfect. It is right on the .30 but will decide between now and .30

Note

in with small portion at .3285

Note

sold .350 hope a good sell

Note

decided to let it ride a bit. same portion back in at same price of .350

Note

this would be nice

Note

maybe? gonna be tough

Note

using the rsi trend as support for now, would like to see it continue to bounce off it.

Note

A nice 4 hour candle. lets hope for some more. I like it so far

Note

here is 4 hour so far. copied wrong chart before

Note

looks more like a double bottom on 1 hour but either way looks like we are moving for now.

Note

sold .3685. will look for reentry

Note

bought the .365 pullback full portion

Note

a nice bounce lets see how far we can go. the buying was crazy on polo.I watched a mil wall get eaten up and bought the last of it and boom

Note

nice

Note

sold .417

Note

back in at .4059, looks promising

Note

lkfdgldkfgnsdagn

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

lkfdgldkfgnsdagn