XLM/BTC is currently within a falling wedge pattern on both the 4-hour price action and the 4-hour RSI. XLM/BTC is also approaching the .5 fib level which acted as support before it ran to ~2980. Setup looks good from what I can see as we have a falling wedge pattern heading right for a prior support zone, but Bitcoin can ruin the party if it decides to decisively move one way or the other. Also, if anyone wants to get a free stock from Robinhood, feel free to sign up using my referral link below. They also offer cryptocurrency trading on a select few coins if you're in an approved state. I'll put an article down below for those interested in Robinhood crypto. I also accept BTC donations if you guys are feeling generous! :)
Entry: 2525-2560
Target 1: 2630 (.382 fib level and prior support zone.)
Target 2: 2765 (.236 fib level and prior resistance zone.)
Target 3: 2975 (Top of the falling wedge and we could see a potential double top play out.)
SL: 2460-2490 (depending on much risk you want to incur given the current market environment.)
-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.
Robinhood crypto article: support.robinhood.com/hc/en-us/articles/360001284423-Commission-Free-Cryptocurrency-Investing
Entry: 2525-2560
Target 1: 2630 (.382 fib level and prior support zone.)
Target 2: 2765 (.236 fib level and prior resistance zone.)
Target 3: 2975 (Top of the falling wedge and we could see a potential double top play out.)
SL: 2460-2490 (depending on much risk you want to incur given the current market environment.)
-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.
Robinhood crypto article: support.robinhood.com/hc/en-us/articles/360001284423-Commission-Free-Cryptocurrency-Investing
Nota
Coinbase earn is doing an XLM distribution: twitter.com/coinbase/status/1110593683366117376If you're interested in doing so, feel free to use my referral link, only 2 spots on it remain: coinbase.com/earn/xlm/invite/skzh0m81
Nota
Target 1 at 2630 has been hit!Dagangan ditutup: sasaran tercapai
Closed my XLM at 2636 in favor of LINK, see my latest TV post for the details on that.FTX US: ftx.us/
Sign up for Binance US here: binance.us/?ref=35000668
Sign up for Binance US here: binance.us/?ref=35000668
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
FTX US: ftx.us/
Sign up for Binance US here: binance.us/?ref=35000668
Sign up for Binance US here: binance.us/?ref=35000668
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.