XLMBTC trade ideas
RSI Bounce level?Take a look and see for yourself. Friend of the trend. Support Resistance flipped, fast bounce from new found support, looking bullish, one hour RSI looking ready to make a turn around again. If we back test support again, look to add to a long position before this coin goes parabolic like the other alts.
XLMBTCResistance found and holding, XLMBTC looks likely to retrace to 0.618 area if price moves toward this area relatively quickly then RSI will begin to show divergence again (hidden) signalling a continuance of the trend upward. I'm looking for divergence and price action to show when/where to enter into longs near the 0.618 level.
XLMBTC - Looks strong to get higherXLMBTC is interesting to observe. It looks like a good pump candidate, at resistance (tested multiple times), but rising sharply.
Good entry point - retest/close above the resistance. A strong pump looks reasonable after the resistance break.
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.
XLMBTC Broke out!XLMBTC has been in a range ( rectangle pattern) since July 2019 and broke out of the range on July 2020. I went long on break out with a target of 1601 satoshi. I placed a stop loss at 920 satoshi. Remember preserving capital is most important, forget about making money. A wise man told me once " treat trading like a business" .
XLMBTC Analysis**XLMBTC**
Admittedly, the daily looking better than the smaller TF's right now as we sit right on this 50 fib and POC.
We've got a cluster of MA resistance above us, the most notable being the 200ma at 759.
800-815 looks like the likely area for a top move and the top of this parallel channel.
Lower levels highlighted below in blue
XLM following ADAPlease feel free to comment or challenge me on my TA. If you like my idea, please leave a like to show support.
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- XLM broke through the 12-month consolidation range
- Closed and rose further on the daily chart
- ADA has done the same this month and went on a 110% bull run. Should XLM follow the same path we'll end up around 1915 sats. Almost double of where we are now.
Targets:
+110% from range (1915 sats)
Weekly resistance (2105 sats)