XLM here we go : Targets and trendlines.

So, XLM has broken out of it's little wedge consolidation bullflag.

Target for the bullflag is between 1250 and 1370 - 1250 because it's the 0.236 fib for the larger pattern

If we break through resistance (drawn in orange in the form of trendlines) our next fib target will bet 1868.

During the move, the 50MA and the bottom trendline of the flag should not be breached downward.

Expect regular pullback to the 20 moving average; these might be buy moments if we continue higher.

Good luck, and please leave a comment with your thoughts.

Note

the flagpole target of 1372 touches one of the trend lines - this might be an interesting level to keep an eye open for. Coincidences in these fields have a habit of playing out in some form or another.

Note

Longer term, once target 2 or moon , over at 2368, are met , expect sideways consolidation until the 200 MA catches up with us. If it serves as support by then, the game is back on. Ofcourse, do take profit at the targets and tehn rebuy on confirmation.

Note

Pullback happening right now

Touched moving average - we might still go lower but this should teach the importance of keeping some cash in lowball buy orders to catch the dips on these moves, even if you think you missed the boat - keep tracking them!

Note

another Bullflag forming on the hourly - see comments

Trade active

Target 1 reached. Congrats if you took profits at the top of the projection, near 1400. It even went a little higher.
This enthusiasm leads me to believe that now could be a good time to buy the pullback or hold on for 1868

Note

So, we see some pullback to moving averages and support
Then a renewed breaking of the first orange trendline and finding support there now.

Currently it's moving to retest the 1400 level and we'll see if we get and stay above it for a move up to 1868!

Trade closed manually

Exit all altcoin markets because of bitcoin moon. Target1 reached, buy the pullback when 200 MA joins us again and bitcoin calms down.

Congrats all.

Trade closed: target reached

Trade active

We might wait for a pullback on the bullish support for another move higher.

Trade closed manually

touched the upward moving 200 moving average on the 4 hour. Still trending up, but momentum seems a bit weak. It's still doing well holding level against bitcoin, but it's not screaming a buy right now. If you got in at 750 or below, take some partial profits and ride it a bit longer. If you got in above that, you might find a better entry later or another coin. Gonna take this one off my priority list. Good luck with it all

Note

Ofcourse, we might revisit this chart later and use the earlier targets at reference points on the next leg :)

robertjulius

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robertjulius