whichever side it breaks through first is the direction it'll most likely keep heading.
Most people aren't looking at the daily chart. To me this scenario is more likely than a moonshot to the next price level. Just basing this off history. Good luck and be careful out there!!
There is definitely whale action on today's move, pushing the price up so they can get their shorts filled at better prices. The inverse h&s shows the downtrend slowed down significantly.. but I would say the market is extremely unpredictable right now. Be careful out there!!
Looks a bit overbought right now, might want to anticipate a correction before continuation of the bull trend. Just playing it safe.
We'll see how this goes, but in my experience in crypto this is the most predictable pattern ever (for example, look at the history of BTC and you'll see its initial pump to 1000, then bear market, then you know what happened after that, but that's just one example) This is also the same pattern I used to predict the XLM pump to 90c. What's more, we can see that...
Expect a bounce off the support later this week, then looking for a breakout past resistance.
Looks like BTC is breaking resistance on the falling wedge. Next few days are still critical to determine a direction; if it falls back into the wedge, may continue down to 6k or 5k. Watch closely!
Should BTC sustain its level and continue upwards, IOST has massive potential for a breakout that continues past all-time-highs. As of this writing it is not too far above its ICO value, and its price is low and undervalued due to all the market chaos that has happened in the past few weeks. Accumulate now, as we may never see these prices again.
All eyes on BTC for the next few days, but if BTC falls back to 6k we will likely see IOST drop under $0.03. Anywhere under $0.03 is a good buy in my opinion, as these are ICO prices and have a favorable risk to reward ratio. Happy trading!
Literally receiving the finger from TRX. This is known as the "Fuck You" pattern. Happy trading and HODL.
Chart shows support at .0008; expect a breakout if volume picks up. Set stop around .00075.
Chart speaks for itself. Strong support at .40, set your stops accordingly. If the market remains stable, we should see XLM move up from here.
RSI is at oversold levels, MACD is near a crossover, and the volume won't stay this low forever. All indicators suggest XLM is due for an uptrend. Happy trading!!
Upward channel identified; keep an eye on this as EOS seeks to establish itself above $10.
Chart speaks for itself. Handle might come out to be a bit longer than expected though lol.
So XLM is still in a massive bull flag after its jump last week, and the correction has been exacerbated by the recent coinmarketcap situation and overall market correction. If the market stabilizes, expect a continuation of sideways movement near the bottom of the flag as pressure builds for the next jump. All we need is some more volume, and we could be seeing...