XLM agains the USD on the Weekly chart = 300% gains with R:R 16
Updated
Hello everyone,
After the succesfull breakout of inverted Head & Shoulders pattern on Daily chart as seen below
and 40% run up, I´ve decided to zoom out to see the possible setup for Weekly chart and it shows a opportunity for
300% gains with R:R 16 !
XLM is reaching it previous high as well as linear downtrend line resistance zone. If it can break it then further strong upward moove is expected and we can open a long position.
XLM is getting some nice accumulation past months and volume from last week is really nice too.
ChaChain
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Disclaimer:
I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
KEYWORDS
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After the succesfull breakout of inverted Head & Shoulders pattern on Daily chart as seen below
and 40% run up, I´ve decided to zoom out to see the possible setup for Weekly chart and it shows a opportunity for
300% gains with R:R 16 !
XLM is reaching it previous high as well as linear downtrend line resistance zone. If it can break it then further strong upward moove is expected and we can open a long position.
XLM is getting some nice accumulation past months and volume from last week is really nice too.
ChaChain
-------------
Disclaimer:
I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
KEYWORDS
trading, bitcoin , bitcointrading, profitable trading, profittrading, profit trading, secret, divergence, bull divergence, bear divergence, divergencetrading, divergence trading, trading strategy, how to trade bitcoin , bitcoin trades, bitcoin trading, make profit, take profit, trading strategy, trading technique, successful, successful trader, successful technique, successful strategy, successful secret, how to trade, trend analysis, technical analysis , indicators, rsi , relative strenght index, let it rain, successful life, easy strategy, easy trading, easy technique, make money, crypto investing, investing, crypto, cryptocurrency, cryptocurrencies, mentoring, money, chartart, beyond technical analysis
Trade active
Looks like it is happening ! Note
XLM had clear technicals agains Bitcoin which is why will focus more on XLM/BTC pairing instead of the fiat pairing Note
Stellar still looks very healthy on the Weekly chart. The volume is still there at least and price action is nice too Note
This is old idea of a very long term XLM/USD perspective (still up to date) 
Note
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Disclaimer
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