XLM (Stellar) - the 4th attempt. Will it succeed this time?
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Naked View with S/R and Supply/Demand #
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Second failed attempt(s) to break Supply Zone(XX/09/2019)
Third failed attempt to break Supply Zone(28/04/2020)
If the fourth push works as anticipated and breaks the Supply Zone and retest the top of the channel,
we can expect a push to the top with a 64% move.
(The Pink trendline is an extended trend line from the top. It could be an invalid one, but supporting this scenario)
This scenario will based on the action of BTC around the halving time period. This scenario will be invalidated, if the intermediate support is broken below 740
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Indicator view #
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Volume is picking up. RSI/CCI/DMI showing momentum.
A MACD cross on the daily will confirm a move.
Naked View with S/R and Supply/Demand #
#######################################
Second failed attempt(s) to break Supply Zone(XX/09/2019)
Third failed attempt to break Supply Zone(28/04/2020)
If the fourth push works as anticipated and breaks the Supply Zone and retest the top of the channel,
we can expect a push to the top with a 64% move.
(The Pink trendline is an extended trend line from the top. It could be an invalid one, but supporting this scenario)
This scenario will based on the action of BTC around the halving time period. This scenario will be invalidated, if the intermediate support is broken below 740
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Indicator view #
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A MACD cross on the daily will confirm a move.
Comment:
Updated the idea, as trading view picked the wrong image. Updated one below.
