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 trade ideas
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" .
☆ XLM / BTC — Stellar Lumen Forecast ☆So the price of the XLM in the possible bottom formation and I called it «Base» on the chart, after base Breakout we notice huge increase in prices.
I’ve noticed few cycles on the price action and showed them on chart, here is the big cycle and 2 minor cycles. I believe price XLM soon will increase after the breakout from Base.
Historically price moving to 1600 and 3800 levels. If this time price will increase to this prices this will be insane profits (up to +350%). But of course do not forget about huge risk behind this potential trade.
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)
The acquisition or gradual gathering of something (Part 2.)Hello dear followers, friends, haters as well as newcomers.
Lets focus closer on The accumulation of wealth today
Accumulation function, a mathematical function defined in terms of the ratio future value to present value
it is literally the process of gradually increasing in amount, or the increased amount
Accumulation/Distribution scheme chart applied on BINANCE:XLMBTC
link on chart HERE
Wanna know more then see also previous part HERE
What Do Fibonacci Retracement Levels Tell You?
Fibonacci retracements can be used to place entry orders, determine stop-loss levels, or set price targets.
For example, a trader may see a stock moving higher. After a move up, it retraces to the 61.8% level.
Then, it starts to go up again and vice versa. But here we got a 100% retracement
with bullish signs and full retraced markets is what I personally like.
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.