stellar has followed its previous pattern and made a full retracement back to its strong uptrend support.
I am expecting we will go up from here and break up of the consolidation
Note: this is not financial advise.
I am expecting we will go up from here and break up of the consolidation
Note: this is not financial advise.
코멘트:
코멘트:
코멘트:
we need to break above 0.227 to confirm the end of this pullback
코멘트:
As you know that stellar/usd follows btc chart's pattern the 61.8% retracement from previous High.
Right now we have stopped at exactly 61.8% from previous high
Obviously a break up of that pattern will signal EARLY bullish for breaking out the big consolidation zone
Right now we have stopped at exactly 61.8% from previous high
Obviously a break up of that pattern will signal EARLY bullish for breaking out the big consolidation zone
코멘트:
going to break up soon
코멘트:
not much to update. Slowly rising up :))
코멘트:
I hope everyone understands my drawings . Pick your line . Green or Red :)
코멘트:
current XLM's pattern movement .
코멘트:
this is just pullback for going up higher . No need to be panic
코멘트:
break up is going to happen soon. Be ready
코멘트:
all eyes to Stellar
코멘트:
ZRX, then BAT. What's next ? XLM ?? :)))
코멘트:
as long as we stay above the break-out line, it is just a pullback to retest the line. With current development of XLM, chance for the case is very high
코멘트:
overall we are still in good safe. It looks like that stellar is taking the slow rising approach
코멘트:
this looks bad. Break support. I hope today 's candle won't break support . If not, bloodbath again
코멘트:
yesterday's dump was scary. if we look at the chart, XLM just did a typical pullback to long-term uptrend on both rsi and chart. Only a drop below support will break uptrend
코멘트:
BCHSV is destroying markets again.
코멘트:
just because BTC breaks out down , doesn't mean that XLM will. When we compare weekly RSI between XLM and BTC, XLM's one looks much better and stronger. XLM is making ascending triangle while btc made ascending triangle
Therefore im still betting on the rise of XLM
Therefore im still betting on the rise of XLM
코멘트:
this is btc's one
코멘트:
however with the current bearish sentiment of btc, we can't rule of the possible of breaking down . Right now weekly candle doesn't look nice . It is a failed break out with big red volume candle. Next week candle will be important which will tell us whether the decline will be continued on or not
코멘트:
I strongly discourage to sell XLM right now at the current price. Stellar are being accumulated hard on poloniex .
코멘트:
and the daily RSI is really nice for an incoming bounce
코멘트:
no good but need daily candle ends to confirm
코멘트:
free fall. Everyone is in panic
코멘트:
6 month uptrend line is holding
코멘트:
we have broken down the 6 months support at 0.165 to go to 0.145 support. Then we made a retest at 0.165 but FAILED to pass it. With the current condition of crypto market, the next critical support is at 0.1$ which I will expect to have some action there for a while .
코멘트:
we are in a bear market now. Don't go counter trend . I admit that i was bullish last month. However, after the strong support was broken on bitcoin and altcoins, we have to admit our defeat to the bear and follow the trend. For bitcoin, 2.8$-3k$ is a critical support which will match to 0.1$ on stellar. We will expect to have some bounce around there. Price won't pierce through critical support easily . However, it doesn't mean that we get the final bottom at those levels. It really depends on volume and price action there. So be prepared to see 0.1$ level soon on stellar guys. Stay safe