לונג

מעודכן

XLM-USD this is a time to buy , not to short

stellar has followed its previous pattern and made a full retracement back to its strong uptrend support.
I am expecting we will go up from here and break up of the consolidation

Note: this is not financial advise.

הערה

הערה

we need to break above 0.227 to confirm the end of this pullback

הערה

As you know that stellar/usd follows btc chart's pattern the 61.8% retracement from previous High.

Right now we have stopped at exactly 61.8% from previous high

Obviously a break up of that pattern will signal EARLY bullish for breaking out the big consolidation zone

הערה

going to break up soon

הערה

not much to update. Slowly rising up :))

הערה

I hope everyone understands my drawings . Pick your line . Green or Red :)

הערה

current XLM's pattern movement .

הערה

this is just pullback for going up higher . No need to be panic

הערה

break up is going to happen soon. Be ready

הערה

all eyes to Stellar

הערה

ZRX, then BAT. What's next ? XLM ?? :)))

הערה

as long as we stay above the break-out line, it is just a pullback to retest the line. With current development of XLM, chance for the case is very high

הערה

overall we are still in good safe. It looks like that stellar is taking the slow rising approach

הערה

this looks bad. Break support. I hope today 's candle won't break support . If not, bloodbath again

הערה

yesterday's dump was scary. if we look at the chart, XLM just did a typical pullback to long-term uptrend on both rsi and chart. Only a drop below support will break uptrend

הערה

BCHSV is destroying markets again.

הערה

just because BTC breaks out down , doesn't mean that XLM will. When we compare weekly RSI between XLM and BTC, XLM's one looks much better and stronger. XLM is making ascending triangle while btc made ascending triangle
Therefore im still betting on the rise of XLM

הערה

this is btc's one

הערה

however with the current bearish sentiment of btc, we can't rule of the possible of breaking down . Right now weekly candle doesn't look nice . It is a failed break out with big red volume candle. Next week candle will be important which will tell us whether the decline will be continued on or not

הערה

I strongly discourage to sell XLM right now at the current price. Stellar are being accumulated hard on poloniex .

הערה

and the daily RSI is really nice for an incoming bounce

הערה

no good but need daily candle ends to confirm

הערה

free fall. Everyone is in panic

הערה

6 month uptrend line is holding

הערה

we have broken down the 6 months support at 0.165 to go to 0.145 support. Then we made a retest at 0.165 but FAILED to pass it. With the current condition of crypto market, the next critical support is at 0.1$ which I will expect to have some action there for a while .

הערה

we are in a bear market now. Don't go counter trend . I admit that i was bullish last month. However, after the strong support was broken on bitcoin and altcoins, we have to admit our defeat to the bear and follow the trend. For bitcoin, 2.8$-3k$ is a critical support which will match to 0.1$ on stellar. We will expect to have some bounce around there. Price won't pierce through critical support easily . However, it doesn't mean that we get the final bottom at those levels. It really depends on volume and price action there. So be prepared to see 0.1$ level soon on stellar guys. Stay safe

JackieHuynh

כתב ויתור

המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.

JackieHuynh