Stellar Lumens / Euroמעודכן Bull Rally Over ??? Except ...
Currently we are retracing and IMO we could be in the making of our next way up -> The first area that I encircled kinda looked like a W with a small second leg down to make the "double bottom". I imagine that the area where we are in rn would do the same.
And with this idea ( and having our monthly still in mind ). We would like to close above our previous monthly open ( marked yellow dotted line )
But first today I expect to drop to at least €0.049357 ( Arround the 2% ) and then we would go and close our monthly above the expected level and retracing to bounce back of that area where we would have broken above off.
Dropping below €0.049357 for the daily would result in an end of the Rally IMO and that further downside is possible.
Doing like I'd written here above would result into a massive Adam & Eve pattern.
"NOT FINANCIAL ADVISE"
And with this idea ( and having our monthly still in mind ). We would like to close above our previous monthly open ( marked yellow dotted line )
But first today I expect to drop to at least €0.049357 ( Arround the 2% ) and then we would go and close our monthly above the expected level and retracing to bounce back of that area where we would have broken above off.
Dropping below €0.049357 for the daily would result in an end of the Rally IMO and that further downside is possible.
Doing like I'd written here above would result into a massive Adam & Eve pattern.
"NOT FINANCIAL ADVISE"
הערה
currently we bounced straight up without touching €0.049357 expecting to stop at the resistance line or having a pitstop at the 100 Daily MAהערה
הערה
2 options todays close is green and next few days we get supported by the line we broke thru or we just go now ... This just looks familiar both lines hugging and bounce of it eventually after that it crosses. So towards 7 cents then MACD will cross bearish and retrace to somewhere That's what I think tho.
הערה
Going above resistance and getting immediate support the 2 days after it happenend. We gotta be carefull of the 50MA crossing bearish against the 100MA on the 4H chart. If it does cross lower we hope for a quick regain. Monthly looks like it's a bullish engulfing.הערה
We're going down currently a retrace would be nice yes, getting support on the red line again would be great.
Note that I didn't include the 200 daily MA until now. We're facing this line as our resistance currently and are trying to find support rn so we could try and push above it and start the "REAL RALLY".
Not financial advise.
הערה
My drawing played out exactly, okay pullback wasn't that low but it's the same as thre previous timeהערה
הערה
The idea is still in place but bearishness is possible tho as you can see in the following chart.
הערה
Pattern that I'd drawn played out exactly and rsi broke above as you can see in the cart below. XLM getting overbought and 7 cents incoming ? https://ttps://www.tradingview.com/chart/XLMEUR/tYWjGKzA-RSI-squezing-and-local-double-top/
עסקה סגורה: היעד הושג
Target HIT.We gotta watch closely for the resistance level if we break then our adam and eve would be complete and we would love to see a retest then ....
I'm putting a new chart online with the potentional targets.
Not financial advise but congratz who went in together with me and reached the goal.
עסקה סגורה: הגיע לסטופ
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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.