XLMUSDT under the law of Fibonacci
Updated
Well i will try to be clear :D and make understand what i think.
i traced a Descending Fibo on XLMUSDT Pairs and compared with falling EMA's 50/100/200
Yellow Circles are fibo Rejections.
Orange Circles are EMAs Rejections.
i checked mostly all indicators but i don't add them to not make confusions.
what can i say on indicators is Weekly Show indicators RSI High, StockRSI high cross down, MACD Bearish.
Monthly is too young to check with USDT pairs but looks good on XLMBTC Pairs. Everything is crossing up.
After that said, i made own deduction but like i always say ' Everything can happen in Cryptos '.
What we can see for now is XLM still under descending depression and not looks ready for a big rocket pump.
le'ts talk about Numbers :
Scenario 1 Short Term
if XLM break 0.08 clearly! we can consider to start to be bullish if and only if XLM break 0.11 to go try break his first big resistance at 0.12 (0.382Fibo),
in this case confident Traders will enter the market and push XLM to 0.17 (0.618Fibo)
Scenario 2 Long Term
XLM will continue to retrace under depression and surely also BTC dominance, it will fall dipper to 0.015 to start again moving up when the altcoin bullrun happening.
Conclusion
For now have to be S4Fu ! You can still play as i do as a marging Trader but you always have to buy your loved crypto at a good price to not be trapped!
There is a rule i always apply to myself and this rule is my absolute number one : THE BEST WAY TO WIN MONEY WITH TRADE IS TO NOT TRADE !
Try to thing about that philosophical rule and u will find the logic in my words and the way to go....
Happy Tr4Ding !!!
i traced a Descending Fibo on XLMUSDT Pairs and compared with falling EMA's 50/100/200
Yellow Circles are fibo Rejections.
Orange Circles are EMAs Rejections.
i checked mostly all indicators but i don't add them to not make confusions.
what can i say on indicators is Weekly Show indicators RSI High, StockRSI high cross down, MACD Bearish.
Monthly is too young to check with USDT pairs but looks good on XLMBTC Pairs. Everything is crossing up.
After that said, i made own deduction but like i always say ' Everything can happen in Cryptos '.
What we can see for now is XLM still under descending depression and not looks ready for a big rocket pump.
le'ts talk about Numbers :
Scenario 1 Short Term
if XLM break 0.08 clearly! we can consider to start to be bullish if and only if XLM break 0.11 to go try break his first big resistance at 0.12 (0.382Fibo),
in this case confident Traders will enter the market and push XLM to 0.17 (0.618Fibo)
Scenario 2 Long Term
XLM will continue to retrace under depression and surely also BTC dominance, it will fall dipper to 0.015 to start again moving up when the altcoin bullrun happening.
Conclusion
For now have to be S4Fu ! You can still play as i do as a marging Trader but you always have to buy your loved crypto at a good price to not be trapped!
There is a rule i always apply to myself and this rule is my absolute number one : THE BEST WAY TO WIN MONEY WITH TRADE IS TO NOT TRADE !
Try to thing about that philosophical rule and u will find the logic in my words and the way to go....
Happy Tr4Ding !!!
Note
0.08 first important zoneNote
road to 0.11Note
0.1150 EMA100 Resistance
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