Extremely consistant chart pattern in the XLM chart
Xlm is following this trend very consistenly on the five and 15 minute charts. Making it much easier to predict reversals and set entries and excits. As you can see its a combination of moving averages,. Triple EMA, Williams alligator, and 50 moving on top and on the bottom it's the rsi moving average with 2 offset averages. Use the trend line tool to extend the offsets to identify potential gains and losses and watch for intersections in any of these averages. I'm a big fan of the lips of the gator flipping to be on top and the price as well as all other averages being much lower or higher than 50 moving average. I use the fractals and fib retracement to identify my levels of support and resistance, as well as using the averages as potentials for both. Combining the indicators and some critical thinking it's a great opportunity to dollar cost average so done you can potentially predict price action to within .001 of a cent. I literally bought the lowest price on a premade sell order on the last dip after selling the peak. Good luck. Dollar averaging up the whole way short and long in the longer time frames.
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Still consistently predicting trends with this. I've been using a similar strategy for a while but the addition of the offset averages brought it all together.
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Please remember to get ca feel of the way the indicators and price action works before moving money around. It's very easy to average down in instrumental moves like this. It's moving in fractions of cents at a time. Please be careful and hedge your risks. Don't pull all your money unless make change is obvious and confirmed. Also watch for breaks in pattern for breakouts and breakdowns. Only sell 25% of your holdings smaller dops so if you're wrong buying back in doesn't hurt youm
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I apologise for the misspelled words. That's incremental not instrumental. I swipe to text sorry.
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Fell asleep and woke up to a still consistent pattern. I've made this set of indicators and settings shareable. Feel free to use it if you have questions feel free to email me at zachmuth06@gmail.com. Make the subject tradingview I'll be happy to respond to any questions. I have a discord for xlm talk it's new but if you want to join just let me know.
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Link to chat just copy it.
