Hi All,
Looking at Steller Lumens here. It’s making showing the same pattern as Ripple and BCH we’ve looked at before. A 4HR trend into a daily trend setup, ending in bearish divergence (1).
the 4Hr trade is exited as per the overextension and stop loss signal from the indicator, and on the 4 HR we’re looking at another long setup. The trend breakout level is kept at the highest trend breakout level (2), which is the same level as the daily trend breakout.
The 4Hr chart could also easily switch to a bearish setup, in that case we take that. The bearish divergence tells us that if we get a bearish setup, and the trade is triggered we have momentum on our sides.
Daily
Daily has a long setup.
We now just wait, we either enter long on the daily, or short on the 4HR!
If you want to try our indicator out, follow us and drop a comment and we’ll get you set up.
Like and subscribe if you enjoy our work!
Stay calm, and happy trading!
Looking at Steller Lumens here. It’s making showing the same pattern as Ripple and BCH we’ve looked at before. A 4HR trend into a daily trend setup, ending in bearish divergence (1).
the 4Hr trade is exited as per the overextension and stop loss signal from the indicator, and on the 4 HR we’re looking at another long setup. The trend breakout level is kept at the highest trend breakout level (2), which is the same level as the daily trend breakout.
The 4Hr chart could also easily switch to a bearish setup, in that case we take that. The bearish divergence tells us that if we get a bearish setup, and the trade is triggered we have momentum on our sides.
Daily
Daily has a long setup.
We now just wait, we either enter long on the daily, or short on the 4HR!
If you want to try our indicator out, follow us and drop a comment and we’ll get you set up.
Like and subscribe if you enjoy our work!
Stay calm, and happy trading!
