currently in an uptrend with resistance at 800 sats, can we breakout or will we retain and drop back down. target 800 sats macd diverging bullish again rsi in uptrend aswell not financial advise just wanted to let you guyz know this.
Hold your horses and get ready for a breakout for XLM/BTC. This is an ascending triangle which mostly break out bullish ( it can break bearish no hate if it does ). We are making "valley's" on the resistance line and which are getting smaller and smaller. We're getting close to the Apex. XLM's breakout could possibly end the downtrend we're still facing ( vs BTC...
XLM went above the 54 level on the RSI which it previously ( in the bearmarket ) couldn't get above. Price is trying to break the resistance level on the upside where the 50MA also is at. XLM Bull Run is getting ready. Waiting for price to close above resistance and 50MA.
Just a regular bear trap guyz Like another thing people are getting crazy about breaking the 200Daily MA => Look a second towards the BTCEUR and you see we did hold it !!! 7K resistance, we bounced of support here, this was the support from the descending channel. Next resistance is 10K then but break above 7K consolidate for a while and break 10K arround...
In this pattern we're in rn we see a lot of green volume bars. Meaning accumulation by whales. Currently on our way towards the resistance cause we just bounce of the support. MACD currently looking good All MA's are currently coming together meaning lot's of tension building up for a big breakout ... will the breakout happen if we touch the resistance or will...
The only support that we have rn would be this one IMO, We are currently trading on the support level of the bear market where we broke out of a few months ago. Bounce towards the upside imminant ? We wicked to resistance and back down.... Is this one of the biggest spinning bottoms we will see in the crypto market ? ( big green daily today and 50b more then...
Is XLM getting ready for a move back to the upside ? IMO yes. My target the high of this year. Reason why the trend reversed ? ° RSI broke out of it's pattern it was in. ° Currently we have a bullish engolving candle on the daily. ° MACD has been converging since yesterday. Reasons why we would see further downside uhm ° Support area from the "left shoulder"...
We've been rising for 57 days and have gained arround 96% Positive side XLM is rising, but we have to be carefull of corrections and consolidations. If we see XLM trading above or resistance of our Adam and Eve further upside will be upon us. This due to a major long term bullish divergence. Downside targets IMO would be the first fib lines. RSI says we're...
Downside targets 0,047474 ( Other targets would be at 50, 200 and 100 Daily MA { 0,058385 ; 0,056146 ; 0,052651 }) Reason why we go towards that area => Last few days we had lower highs broke below Daily 20MA and rejected of it whilest trying to get above it again. Macd facing to the downside and diverging red from each other. RSI tried to get back above the...
I see further downside potentional when 50 MA gets broken.. It'll probably bounce back on the 100 MA like it did before ( 4H ) chart. MACD is to higher and wants to go lower as previous, it also got rejected when it tried to retest like before. Orange striped line is my target to rebuy !!! Long term still bullish if we can hold the 100 MA IMO.
Will BTC see a correction and the alts going up ? Will everything boom ? Or will everything have a correction ? Something is going to happen but what, we'll see. Breaking the resistance is extremely bullish. We'll have to wait and see what happends in the coming days / weeks.
We have a local double top visisble on the 4H timefrime ( picture below ). RSI was overbought and now going down while having the same price as previous RSI high. meaning possible reversal coming. The RSI was also in a uptrend if it keeps this and breaks above there would be a longer time that XLM would be overbought but the price will rice and possible try to...
Currently we are retracing and IMO we could be in the making of our next way up -> The first area that I encircled kinda looked like a W with a small second leg down to make the "double bottom". I imagine that the area where we are in rn would do the same. And with this idea ( and having our monthly still in mind ). We would like to close above our previous...
IMO there will be a H&S Left shoulder made we're making the head rn and the right shoulder would be a retest of the descending channel we where in before .... ( we have not retested this yet on the large scale imo so I think it's possible )
A little history lesson, PAST | NOW Bitcoin broke down from a descending triangle | Bitcoin has being in a downtrend for a while now Bitcoin had finished it's breakdown from the triangle | Bitcoin is actually retesting the downwards channel we WHERE in at this moment ! Bitcoin made a bullish cross on the weekly and started a rally | Bitcoin is in the making of a...
Breakout to the upside possibly -> macd converging bullish again triangle confirmed ( multiple touches ). 50MA moving towards the 100MA tho but can get rejected of crossing bearish like it did in the past. Just watch out if it does cross bearish that would mean being a while below it. ( the 50MA ) Just something that came up in my mind xD
Currently we retraced from the neckline which connects the previous 2 highs -> on the daily view we are above the 50 MA which if we can hold and stay nicely above we could see a breakout to my next target. Retesting the neckline would be likely after we hit the resistence line which at that time would fall together with the 100 Daily MA. ( Yes I moved my...