STELLAR(XLM) - Possible Cup and Handle?
Welcome everyone, hope you all are doing well. Let us look into another trading opportunity.
Stellar(XLM) is another great project and has been performing too well since last month. I believe this upward movement will go on for some more time now because i am anticipating a Cup and Handle formation soon. If the formation takes place, then expect a retracement to lower levels. To open long positions after retracement, wait for confirmations and then you can open accordingly.
INDICATORS:
Next possible target is: 0.00005464
Also note that, price movement of BTC will also affect the price of XLM. So, keep an eye out.
P.S: This is not an investment advice, and i am just learning. This is for my learning purpose only. Invest your capital at your own risk.
Those who wish to achieve greatness,
never seek for permissions.
They follow what their heart says,
and do what their mind states!
Good luck trading.!
Peace.
Stellar(XLM) is another great project and has been performing too well since last month. I believe this upward movement will go on for some more time now because i am anticipating a Cup and Handle formation soon. If the formation takes place, then expect a retracement to lower levels. To open long positions after retracement, wait for confirmations and then you can open accordingly.
INDICATORS:
- Moving Average is strongly curving upwards which means Bullish movement.
- RSI is showing Bullish momentum.
- ADX and DI are giving Bullish signal.
- Volume flow indicator is way positive, which means Bullish trend.
Next possible target is: 0.00005464
Also note that, price movement of BTC will also affect the price of XLM. So, keep an eye out.
P.S: This is not an investment advice, and i am just learning. This is for my learning purpose only. Invest your capital at your own risk.
Those who wish to achieve greatness,
never seek for permissions.
They follow what their heart says,
and do what their mind states!
Good luck trading.!
Peace.
Rajat Kumar Singh,
B.Tech (Delhi Technological University)
Global Community Manager, TradingView
✅ Telegram: t.me/johntradingwick
✅ Blog: tradingwick.in/
✅ Rounding Top pattern: tradingwick.in/chart-patterns/rounding-top
B.Tech (Delhi Technological University)
Global Community Manager, TradingView
✅ Telegram: t.me/johntradingwick
✅ Blog: tradingwick.in/
✅ Rounding Top pattern: tradingwick.in/chart-patterns/rounding-top
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