benwhite

XLM Potential Retrace

BITTREX:XLMBTC   Lumen / Bitcoin
After my forecast of the recent uprun, I suspect XLM             to retrace any hour from now. As my analysis shows, there is a downward pennant . So be carefull, folks.
Komen: As mentioned down below: if it breaks support @ 3100 Satoshi, the retrace will happen. If it instead breaks the resistance @ 3200, anything could happen.
It just broke resistance and registered a new ATH.
Does your theory of retrace still applies on this case?
Balas
I'm in @ 2731 sats...could be good to sell 50% at first retrace level?
Balas
I am trying to learn this @benwhite . I hope you don't mind if I ask you a few questions. Was your analysis of the down trend just based on the downward pennant? Or was there anything else you looked at?
Balas
What do you think now
Balas
yolohomonomo KurtDiesel
@KurtDiesel, yeah, would love to know too! thank you
Balas
benwhite yolohomonomo
@yolohomonomo, I would guess, if it breaks support @ 3100 Satoshi, the retrace will happen. If it instead breaks the resistance @ 3200, anything could happen.
Balas
CubanMiner benwhite
@benwhite, when you say anything do you mean that even if it breaks 3200 it could still go down?
Balas
you think sell to btc or eth for a few hours?
Balas
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