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XLM/BTC 1h (Binance) Descending channel retest
Stellar / Bitcoin
Long
XLM/BTC 1h (Binance) Descending channel retest
By TradingOn
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Jul 23, 2020
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Jul 23, 2020
FA: Stellar Org partners with Samsung Mobile to bring easy-to-use key management for the blockchain to users.
TA: Price broke-out that parallel channel and is about to pull-back, this could be a nice scalp opportunity for a bounce.
Current Price= 0.00001049
Buy Entry= 0.00001051 - 0.00001031
Take Profit= 0.00001092 | 0.00001112 | 0.00001141
Stop Loss= 0.00000990
Risk/Reward= 1:1 | 1:1.39 | 1:1.96
Expected Profit= +4.90% | +6.82% | +9.61%
Possible Loss= -4.90%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 1x | 2x | 3x
Estimated Gain-time= 120h
Moving Averages
Parallel Channel
Support and Resistance
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