Stellar LumensLong
XLM 4-hour breaking any trend "Run Chart"
Updated
As most of my followers know, I like to make run charts to visually watch PA move thru the structures and helps give us clear meaning to where PA ends up heading off to.
Watching the PA take place within the Triangle Flag pattern (dotted lines) -or- The channeling up & down (solid lines) -or- the complete failure of the pattern-structure(s) to a downside because of indicator pressures.
On this chart shows my recent trades with XLM and my wishing buy back zone, way down yonder before the "blue 2.618 fib".
Blue Fibs being the most recent, PA is hanging with Blue 3.618.
Green Fib (medium old) busting lower than o.5 Green fib will be very challenging for PA and that alone might keep PA from reaching my repurchase buy zone around 40 cents.
The Oldest Gold Fib o.382 would be the grand bounce area if PA actually did a dip.
However I am more watching the normal pattern-structures of the Flag or Channeling as theses two structures are much more accurate with PA analysis.
This chart does show the "fancy" double lined moving-averages. Green-Blue-Purple & Red.
MA purple lines is a strong bounceable area, and thus keeps pricing within the pattern-structures..
...if price drops then the last Red MA lines come into play and it is possible to then trigger my pre-set order to repurchase the bags around 40 cents as PA heads for 37 cents area.
These kind of trades are highly speculative and very quick... Usually fueled by taking out "margin long stop losses" driving price swiftly down. and the PA will bounce swiftly upwards within minutes...
So... in order to catch a low entry point you either have to sit on your computer and wait or just speculate an area (any area), your comfortable with believing PA might catch a low point for re-entry.
However I might not get my repurchase wish and have to decide whether to keep playing/trading on XLM or move to another alt coin for fun trading.
This is alt season as far as I am concerned it is the volatility of PA, that helps us make quicker returns on our money.
Honestly I do expect PA to continue to follow the Flag pattern and eventually break-out to the long side...WHY? basically because we are in a Bull Run.
I made the structures to see "IF" the structures fail with PA to the downside because of indicator pressures hinting a possible short term correction.
I have a cloggy chart of information- Sorry about that. You can expand or shrink the original chart to better see the structures and additional fib lines. I also have 8 additional indicators that are taking up room as well on the bottom side and I didn't feel like deleting them for this published idea.
Watching the PA take place within the Triangle Flag pattern (dotted lines) -or- The channeling up & down (solid lines) -or- the complete failure of the pattern-structure(s) to a downside because of indicator pressures.
On this chart shows my recent trades with XLM and my wishing buy back zone, way down yonder before the "blue 2.618 fib".
Blue Fibs being the most recent, PA is hanging with Blue 3.618.
Green Fib (medium old) busting lower than o.5 Green fib will be very challenging for PA and that alone might keep PA from reaching my repurchase buy zone around 40 cents.
The Oldest Gold Fib o.382 would be the grand bounce area if PA actually did a dip.
However I am more watching the normal pattern-structures of the Flag or Channeling as theses two structures are much more accurate with PA analysis.
This chart does show the "fancy" double lined moving-averages. Green-Blue-Purple & Red.
MA purple lines is a strong bounceable area, and thus keeps pricing within the pattern-structures..
...if price drops then the last Red MA lines come into play and it is possible to then trigger my pre-set order to repurchase the bags around 40 cents as PA heads for 37 cents area.
These kind of trades are highly speculative and very quick... Usually fueled by taking out "margin long stop losses" driving price swiftly down. and the PA will bounce swiftly upwards within minutes...
So... in order to catch a low entry point you either have to sit on your computer and wait or just speculate an area (any area), your comfortable with believing PA might catch a low point for re-entry.
However I might not get my repurchase wish and have to decide whether to keep playing/trading on XLM or move to another alt coin for fun trading.
This is alt season as far as I am concerned it is the volatility of PA, that helps us make quicker returns on our money.
Honestly I do expect PA to continue to follow the Flag pattern and eventually break-out to the long side...WHY? basically because we are in a Bull Run.
I made the structures to see "IF" the structures fail with PA to the downside because of indicator pressures hinting a possible short term correction.
I have a cloggy chart of information- Sorry about that. You can expand or shrink the original chart to better see the structures and additional fib lines. I also have 8 additional indicators that are taking up room as well on the bottom side and I didn't feel like deleting them for this published idea.
Trade active
Soon after I published this run chart, the structures failed and the purchased price area was reached.
What next?
I will TA a new chart and post it.
Trade closed: target reached
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