thehiphoptorpedo

thehiphoptorpedo Updated 

Slightly bullish rise in Stoch RSI following an attempt to break the upper bound of the triangle last night. MACD Looks nice and tight, ready to cross over but volume has to pick up. Best case scenario at the time of this chart is sideways movement bouncing off the channel around 380-400 then making a move up to 520. After that a slight retrace to 475 then retest...

thehiphoptorpedo Updated 

Then a possible move up to try the 7200 sat area Just one way I've looked at this, neither a hard prediction nor a trading suggestion.

thehiphoptorpedo Updated 

You can see the uptrend channels on the chart, but more immediately XLM seems to be in a downward bull flag. It's possible it could bounce at the support around 4000 before breaking out, but I think it will actually drop to around 3300 before the uptrend resumes. It would then need to test the 5000 range before moving on to 6200. These are not projected buy/sell...