XLM Huge Pennant UpdateXLM doing very well so far after it's breakout of the pennant formation, i expect the bullish momentum to continue, the fibonacci fan can be used for selling targets if we see a huge rally as a consequence of the breakout.
In the short term, the 4000 satoshi level should act as a good support for accumulation, but it is possible that we may see a correction down to the 3500 levels if the market conditions worsen.
The target is pretty speculative, i dont expect the price to head straight there but I beleive it is very possible.
Biffy
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Bullrunincoming
Important Reversal Appearing. Get ready to watch the action.BCC and ETH have shown the first bullish signs in several weeks. BCC blowing out of its' bearish bottom region to search for the bulls.
Looking at the daily we see that BCC has really taken off. In the past, during the BTC correction from all time high, waves were often preceded by BCC pumps.
In turn another important coin ETH also finally decided to have a run after an uncertain fate.
Looking at the one minuet candle we can see that some serious Fear of Missing Out And bullish wave of sentiment blew up into ETH very quickly.
In turn, during this same time frame we can see BTC itself wanted in on the action,
Now we cannot say for sure that the bullrun has begun but what we can say for certain is that 3 very important coins all started experiencing a fervor bullish sentiment overtaking on the small time frame. This will no doubt leave a feeling lingering in the market as the day progresses.. We saw a sharp sell off of some alts as various traders began to F.O.M.O into their favorite coins in hopes for a bullish day.
We advise you all to appreciate the bullish sentiment and take advantage of it while you can but do not forget that there is a strong potential for a bull-trap here.
Triangle since January? I don't think so!Hallo Crypto Family,
everyone is talking about the triangle since January, Last night I was trying to come up with a new TA and drew all the lines from scratch. If you look exactly you can see that we broke the triangle in July. I believe we have left the triangle which started in January (in black) and after the pump, in July we have built a new descending triangle (in Violet).
One of the historical uptrend lines with 2 touches in March and July 2017 (in green) is just below the current price action. by using this line as our stop-loss, I feel convenient to ladder in an buy some BTC.
On MACD we have a bullish Cross, and on V-RSI you can see that RSI is over EMA 21.