self explanatory on the chart...briefly: the cup and handle broke out positive and price action is backtesting the breakout level right now. measured move from the pattern takes prce action right up to the next major resistance level. I am playing this as a short term scalp.
This is how I am playing it. Not advice; I just put stuff out to keep myself honest for post-hoc analysis. The plan it in the chart. I am waiting for a break of a trigger to execute. To arrive at this point, I started at the monthly where I see a long term support and resistance channel structure with reactions at the channel center as well. C19 selloff had...
This is how I see it. Not financial or tax advice. In the shorter term, XFRL is rejecting from the $0.26 resistance and is printing lower lows after each test. Flare has said they would launch +-2 weeks from the end of June. This would put the Flare launch within the next 6 days if they keep to that timetable. My wild guess is that it will launch on Monday...
If the pattern plays out as before we are looking at looks to near $1 Pattern: Descending wedge with 2nd upper line tap @ the 0.702 Fib level (green). Measured move from there established the next lower target.
simple chart that I am sure has been published in many variations. I find it interesting that the 4.236 linear fib extension based on the entire bear market is within a penny of a projected level based on the even longer wedge (projection based on monthly closes) food for thought
This is how I am seeing and trading things. Not financial advice, I just use trading view as a 'captains log' for post hoc analysis. The July monthly close in this Sunday. Things are looking spicy as we could see a clean back test of some fairly signifigant historical levels (grey battle zone). If it does rally and close above this zone, it would also print a...
This is how I am seeing things. Not financial advice, I just use trading view to keep an immutable log of my perspectives to look back on. The simplest zoom out view is that xlm is in an ascending wedge pattern, and a conservative measured move break from this would take the price to about 7 bucks. Of course we can define the triangle wick to wick on the top...
The XLM monthly is so clean right now. This chart is a thing of beauty with a nice back test of a long established zone.
This is how I see it, not financial advice Waiting to see a momentum candle with good volume for a buy setup
Whoever said show me the chart and I will tell you the news was onto something
@NinjaEngineer inspired me to make this one. Lots of upcoming events and deadlines.
This is now I am trading the market. Not advice. I just put things out to keep myself honest for post-hoc analysis A nice strong breakout in GALA is up against a resistance level. I am looking for a back test of the descending wedge, then a strong pump. Will update with my trade setup if this forms...
Not all data providers on TradingView support order book data. So, I always go check the local order book when I see the telltale signs of low liquidity like extremely low volume or massive swings in very short timeframes. B20 is a great example. The order book on Poloniex has a huge spread: .62 on the bid and .92 on the ask. This book is so thin that anyone...
I will be watching today's close to see if XRP stays above 0.665.
Hello traders, This is how I view the state of XRP. There are three structural elements that are pointing in the same direction. 1) We have been in a multi-year symmetric triangle that has now completed and is ready to breakout. critical resistance: $0.62, and a conservative measured move from the triangle break gives a price target of $11.44 2) The fib...