XLM / BTC Work in the accumulation channel. Step 58%.I have been trading a coin for more than 2 years. Almost all the main movements I traded. I previously showed all these movements in my trading ideas during this time. Former tag ideas are attached below the description.
This is one of those cryptocurrencies that can be accumulated until a certain time, as there are not just big money behind it, but a potential new system of finance. Coin is a prototype.
Entrance.
At the moment, the instrument is in the accumulation channel for 9 months. This is very symbolic.
Channel pitch 58%. Price at the bottom of the channel. Good entry point.
Stop Loss.
Stop-loss or exit zone under the support of the channel if the price fixes below it.
The potential risks and profits are understandable. The profit potential is many times higher than the risk in the exit zone.
Target.
The potential of the first movement is the width of the channel. This is + 50%.
Next you need to watch how the price will respond to channel resistance. Perhaps the main trend will reverse if the price manages to consolidate above the channel.
All my trading ideas on this Bitcoin coin since 2018 are XLM / BTC.
XLM / BTC Dec 24, 2018
XLM to BTC is not the bottom. From this level there can be a movement of + 35-90%
May 30, 2019
XLM Falling wedge. Cyclicity. + 32%, + 42%, + 52%, + 62%
Jul 18, 2019
XLM / BTC. Channel 50%. Double bottom. Trend line. Pivot points
Jan 16 2020
Also, the price in lateral movement has now come very close to breaking the downtrend line of the main trend. This is clearly seen in this trading idea.
Tradings ideas of this coin to the dollar. XLM / USD
XLM / USD downward trading. Pivot points.
Nov 7, 2019
XLM (Stellar) /USD Downstream channel. Work on a coin.
Jan 5 2020
Updating an old idea for more accurate trading.
I wish you good money in trading in the market. In the pursuit of money, do not lose your life.
