XLM Seasonal Trade Idea
Updated
On the main chart above shows a representation of XLM on a 3Day candle chart.
On the 1D chart below, the shaded rectangle looks opportunistic
After the half way point of a long term capitulation I drew a new fib circle. which matches 2018 support to 2020 price targets
A close up view of the short term potential trade set, and what ill be watching/adjusting to see if my drawing holds accuracy.
Also where to add the final circle.
Oh and the weekly chart looks bullish af. weekly close above overhead resistance. looks like a break hook n go. saturday/sunday will be interesting
Im no expert but im not intimidated by fib circles either. They all work the same. Circles just look hella cooler. I may or may not take this trade. In my opinion, The crypto market depends on where everyone decides to put their money after one of the coins are exhausted. Which in my opinion is chainlink after it hits 10. I will be watching XLM to see if its the next hot coin to moon until daddy bitcoin dictates the market again.
On the 1D chart below, the shaded rectangle looks opportunistic
After the half way point of a long term capitulation I drew a new fib circle. which matches 2018 support to 2020 price targets
A close up view of the short term potential trade set, and what ill be watching/adjusting to see if my drawing holds accuracy.
Also where to add the final circle.
Oh and the weekly chart looks bullish af. weekly close above overhead resistance. looks like a break hook n go. saturday/sunday will be interesting
Im no expert but im not intimidated by fib circles either. They all work the same. Circles just look hella cooler. I may or may not take this trade. In my opinion, The crypto market depends on where everyone decides to put their money after one of the coins are exhausted. Which in my opinion is chainlink after it hits 10. I will be watching XLM to see if its the next hot coin to moon until daddy bitcoin dictates the market again.
Comment
Bullish divergence on the MACD. Entered Trade. Comment
hit target. I think btc is going to move this week, and alts like xlm will get liquidated for BTC. it might have another pump to .12500 if btc remains stalled out but im assuming a sell off in the near future
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