Short
STR/BTC possible rising wedge - awaiting breakout
Stellar has been moving up lately and in my opinion it's time for a correction.
Stellar also seems to be forming a rising wedge on the STRBTC chart which could indicate a trend reversal.
Open trade: clean break below the lower line of the wedge. I'll be looking to open a position if prices breaks beneath 1410 Satoshi
TP1: 1275 Satoshi (previous resistance and also 0,5 fib retracement)
TP2: 1210 Satoshi (previous resistance and also 0,618 fib retracement)
Stoploss: 1475 Satoshi
Profit loss ratio: 2.1/1 to 3.1/1
Please note: Sudden rises or falls on the side of Bitcoin could influence the graph.
Stellar also seems to be forming a rising wedge on the STRBTC chart which could indicate a trend reversal.
Open trade: clean break below the lower line of the wedge. I'll be looking to open a position if prices breaks beneath 1410 Satoshi
TP1: 1275 Satoshi (previous resistance and also 0,5 fib retracement)
TP2: 1210 Satoshi (previous resistance and also 0,618 fib retracement)
Stoploss: 1475 Satoshi
Profit loss ratio: 2.1/1 to 3.1/1
Please note: Sudden rises or falls on the side of Bitcoin could influence the graph.
Trade active
breached through lower wedge line
My ideas are not meant for trading advice, always do your own research. Always be prepared for bull and bear scenarios
If my ideas were helpfull, feel free to donate here: 1Kufwyg8tq8s76SUfCPvCZUVgLxSha8UZZ
If my ideas were helpfull, feel free to donate here: 1Kufwyg8tq8s76SUfCPvCZUVgLxSha8UZZ
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
My ideas are not meant for trading advice, always do your own research. Always be prepared for bull and bear scenarios
If my ideas were helpfull, feel free to donate here: 1Kufwyg8tq8s76SUfCPvCZUVgLxSha8UZZ
If my ideas were helpfull, feel free to donate here: 1Kufwyg8tq8s76SUfCPvCZUVgLxSha8UZZ
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.