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XLMUSDT Daily AnalyseAs we can see, price stocked in a triangle. We should wait and see what side of triangle will break. I just think we have another corrective wave as WXY (5-3-5) yet. W and X waves completed and we may have a Y wave. I may be wrong. In case of continuous correction wave, I specified PRZs based on projection and retracement fibonacci for supports. In case of break the top of the triangle we have a resistance PRZ that we should wait for it till its broke and then we can enter a Long Position. **This is a personal analysis and should not be the basis of your trading.**
by sahandm99
XLMUSD Daily AnalyseAs we can see, price stocked in a triangle. We should wait and see what side of triangle will break. I just think we have another corrective wave as WXY (5-3-5) yet. W and X waves completed and we may have a Y wave. I may be wrong. In case of continuous correction wave, I specified PRZs based on projection and retracement fibonacci for supports. In case of break the top of the triangle we have a resistance PRZ that we should wait for it till its broke and then we can enter a Long Position. **This is a personal analysis and should not be the basis of your trading.**
COINBASE:XLMUSD
by sahandm99
BTC starts correction and now is forming a "falling wedge"Hi guys. BTC steel falling but, we're still bullish befor BTC close daily candle under 0.61 Fibo level. Also BTC is forming a "falling wedge" pattern in a rise formation, that is bullish too. As you can see on the chart, BTC tuched the 0.31 Fibo lavel first time since 05 Aug 21 '. The buyers activity is low, so I think the correction should go lower. Target is 0.5 Fibo lewel (42700-42600). Also we can see some skweez from 0.5 Fibo level under 0.61 Fibo level to knock out some long positions. And then sharp turn with target around 50,000 per BTC. That's why I will put my long orders on 42600 (2% of depo) and 41235 (2.5% of depo) with stop-lose on 38289 and target 50,000. What do you think?
Long
by DrAndrii