After an ABCDE Correction, comes a breakout. I think it could break the triangle. (Positively)
Always use Risk vs Reward to eliminate emotions.
If your plan did not work out, be open minded. Continue trading and look for a strategy that fits you.
Always use Risk vs Reward to eliminate emotions.
If your plan did not work out, be open minded. Continue trading and look for a strategy that fits you.
Note
A breakout from the .382 retracement is a sign of "back to bull run" market.Note
According to Heiken Ashi Rule "Sell when 3rd red candle is present"Note
We're still green! Note
Heiken Ashi rule (sell) But if you're in this coin for mid-long term, we're good.
We just had a tap but not a breakout. I believe that we can breakout soon.
But...... Indicators are not looking good for xlm right now. (not really)
MACD is almost crossing. (signaling a downtrend)
RSI is not oversold. Line of 55.
Insufficient volume for breakout.
Ichimoku resistance was tapped only.
But I believe that we still have plenty of growth in this coin.
If the mother coin signifies a healthy uptrend, alts will follow.
Note
In a smaller fibonacci, we are in .618 retracement. Let's watch if it's going to bounce from this level or break down and touch the next retracement - .786.
Note
Open your eyes and be open to other things that might happen.Note
Note
I believe that we could touch in the .786 or in the middle of it before breaking.Note
A breakout could happen <3Note
Still completing third wave! Note
Targets are 0.35 and 0.40 for third wave.
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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.