XST 2-Hr Chart - Bull Flag
Updated
XST
Target 1: .00013
Target 2: .00014
Stealthcoin is trading near the high reached in June, which also correlates with the long-term .618 fib level established by the ATH. Price should move back to that level (TP2). Look for price to move to the target established by the bull flag, correct to the long-term .764 fib and then continue up to the ATH. Watch for a clear break of the yellow line, it could indicate the start of the move After reaching the ATH we will re-evaluate.
Further evidence of move: CMF has been ranging and should make a strong move in one direction (likely bullish) and RSI has bottomed out.
This idea was inspired by Excavo (tradingview.com/chart/XSTBTC/d9hc2PsW-XSTBTC/)
The analysis is my own.
Target 1: .00013
Target 2: .00014
Stealthcoin is trading near the high reached in June, which also correlates with the long-term .618 fib level established by the ATH. Price should move back to that level (TP2). Look for price to move to the target established by the bull flag, correct to the long-term .764 fib and then continue up to the ATH. Watch for a clear break of the yellow line, it could indicate the start of the move After reaching the ATH we will re-evaluate.
Further evidence of move: CMF has been ranging and should make a strong move in one direction (likely bullish) and RSI has bottomed out.
This idea was inspired by Excavo (tradingview.com/chart/XSTBTC/d9hc2PsW-XSTBTC/)
The analysis is my own.
Note
Sorry guys, long-term fib lines disappeared when I posted the chart, not sure why. The .764 fib is where the red line points to while the other fibs correlate almost perfectly with the fibs you can already see. Fib Fib Fib
Note
Getting squeezed, ready to make a move.
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