If we don't see this close above the 5.60 support line, we could see a retracement down to 5.27. I have a stop loss there since I'm out for the weekend. And besides, if it breaks below 5.27 then we've broken down from our upward wedge and will need to reassess. Thoughts?
Possible breakout coming for Cosmos, now is a pretty good entry. Entry: 5.89 Stop Loss: 5.24
Seems that XLM has been consolidating at around .36-.34, with a strong support at the .33 level. Seems like a good entry for a possible breakout in the next couple days, as I think XLM has a lot of room for growth. Entry: .33 Target: .55 Stop Loss: .285
UMA has been consolidating for a while now and forcefully rejected an intense downtrend. If it closes the day above ~10.24 we could see a sustained upswing. Technicals are signaling close to overbought though, so the risk would be another correction to the bottom the trend-line. Watching this one to see what happens. What do you think?
XLM showed a healthy retrace on the bullish upside and is forming an ascending triangle to retest ATH's. Expected path, possible it breaks out earlier.
Noticed this long-term wedge forming pretty heavily on XTZ. I'm currently holding, but if this breaks down I'm not sure what my strategy is going to be. I'm leaning toward shorting it only because of an impending BTC correction that I'm sure will cause XTZ to tank for a great buy opportunity. Thoughts?
With a coming btc correction my bets are on .9 or .10. But I’m buying at .11 cause it’s still oversold IMO. Thoughts?
Repeatable pattern here, but could break to the downside. Going to place a buy here and then a stop loss. Small lose is worth the potential upside in my opinion.
After breaking down from the earlier wedge, this is my updated plot and predicted trend. I'm thinking it will bounce hard at the .11 range, but unsure if I'm missing something. Let me know your thoughts!
Looking at the potential breakout or breakdown, happening soon. I bought a little bit at the current price just to lock it in, but waiting for confirmation on direction before placing second buy.