STRBTC
XLM/USD: Cup and Handle Formation Confirmed First TA since my ban was lifted yesterday! (Formally known as TragicShitCannon.
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Cup & Handle confirmed on the Daily which we have now broken. Short term future looks good for Stellar.
Money 20/20 Could be significant, possible dump after conference if thereis a big pump (which I expect) beforehand, watch closely. BTC breaking above downward trend line which is a good indicator.
Entering short in the high resistance zone.Chart is self explanatory.
I think that this trade will be done within 24h.
STR/BTC XLM/BTC - Preflight Research -Technicals on the Chart.
For Education Only Please...
Longmoney
PS. TV has some scaling issues
The end. Now we will see following moves.
1.We will Touch 2900 and retrace to the 2300 to confirm this level as a major support.
2.Trend change. We will touch 3300 and retrace to the 2900 to consolidate for a while.
3. We will go all way trough the several resistance levels (3800/4600)
4. The reaction after triggering 4600 will show us our next target. (More likely our next bullish target. I can consider that the next Major resistance after 4600 will be 6000)
This analysis look more like a prediction but the targets based on the confirmed resistance levels which will be faced in the future for sure.
Good luck!
There is a trading opportunity to buy in STRBTCTechnical analysis:
. STELLAR/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00002925 to 0.00002800). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00002925)
Ending of entry zone (0.00002800)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00003120
TP2= @ 0.00003190
TP3= @ 0.00003320
TP4= @ 0.00003480
TP5= @ 0.00003720
TP6= @ 0.00003950
TP7= @ 0.00004290
TP8= @ 0.00004720
TP9= @ 0.00004970
TP10= @ 0.00005700
TP11= Free
Buy 2900 sell 4000On the graph you can see good levels to buy Stellar.
Of course the best possible way to buy somewhere around bottom. But it all depends on XLM. Will it go lower then 3050 or not?
We can suggest to see some candle shadow touches 2900 as a result your order will be filled. Or we can move to the bottom slowly.
How to understand will we touch the bottom?
1. Look at the candles If they are sharp around 3050. We more likely will see the bottom test.
2. If candles slowing down around 3100-3050 and zig-zaging around it a lot. It means that some one stopped the price and will try to hold it in this area with some fake breakouts. In this way we can only hope for big shadow candle bottom test.
So, what would me recommend. Try to buy 2900 and if we miss it buy the breakout. But it can be very fast breakout so you must be ready for it.
Also I will try to update this idea when will see something big is coming.
Target 4000.
Another leg down? Triangle. Target 2400Huge shadow upward looks like some one build solid short position + on Poloniex you can see solid shadow downward.
There is difference how these 2 shadows was build.
The upward move was made step by step and had a little consolidation above 3200.
The downward move was rapid (1 order fast drop) and only on Poloniex.
By technical analysis you can see Triangle.
May see panic sell and as result test of previous low around 2100.
Will see how it go.
A trading opportunity to buy in STRBTCTechnical analysis:
. STELLAR/BITCOIN is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 31.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00002990 to 0.00002840). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00002990)
Ending of entry zone (0.00002840)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00003190
TP2= @ 0.00003320
TP3= @ 0.00003480
TP4= @ 0.00003720
TP5= @ 0.00003950
TP6= @ 0.00004290
TP7= @ 0.00004720
TP8= @ 0.00004970
TP9= @ 0.00005700
TP10= Free