XLM history repeats?
Please feel free to comment or challenge me on my TA. If you like my idea, please leave a like to show support.
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Stellar has been trading in this range ever since the beginning of Juli 2019. A breakout is waiting to happen, but in the meanwhile she has given us several nice opportunities to make some profit.
Since November price has gone from below the 100-MA to above it on four occasions. All of which have led to an increase in price. Three out of those for were very nice trades between 19% and 37%. One of them was just a little under 7%.
Price has now once again crossed above the 100-MA and the setup is looking good. Depending on how the day will end, we might see three white (green) soldiers appear.
Entry: now
Target 1: 795 sats (daily resistance)
Target 2: 887 sats (daily and weekly resistance and the top of the consolidation channel)
Mind you though, this is a risky entry as we might also see a further retracement back towards the bottom of the channel. Make sure to set your stop loss.
No financial advice.
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Stellar has been trading in this range ever since the beginning of Juli 2019. A breakout is waiting to happen, but in the meanwhile she has given us several nice opportunities to make some profit.
Since November price has gone from below the 100-MA to above it on four occasions. All of which have led to an increase in price. Three out of those for were very nice trades between 19% and 37%. One of them was just a little under 7%.
Price has now once again crossed above the 100-MA and the setup is looking good. Depending on how the day will end, we might see three white (green) soldiers appear.
Entry: now
Target 1: 795 sats (daily resistance)
Target 2: 887 sats (daily and weekly resistance and the top of the consolidation channel)
Mind you though, this is a risky entry as we might also see a further retracement back towards the bottom of the channel. Make sure to set your stop loss.
No financial advice.
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