XLMBTC (re-up 16/4) short-term (time for Stellar)
16/4
XML 0.27% started to move up, just broke the hard resistance of H&S pattern. The chart also had double-bottom pattern here, so the target is more relevant to the H&S .
I'm so hyped for the golden cross upcoming.
Trading strategy:
- buy area is arround 3333 - 3480
As usual:
- stoploss below 3250 (a bit close to last resistance)
- target 1: 4440
- target 2: 5797
17/4
Consolidating...
Happy trading!
Linh,
XML 0.27% started to move up, just broke the hard resistance of H&S pattern. The chart also had double-bottom pattern here, so the target is more relevant to the H&S .
I'm so hyped for the golden cross upcoming.
Trading strategy:
- buy area is arround 3333 - 3480
As usual:
- stoploss below 3250 (a bit close to last resistance)
- target 1: 4440
- target 2: 5797
17/4
Consolidating...
Happy trading!
Linh,
Trade active:
Its nice to see the golden crossed again. I think its struggling a bit then head to next resistance that is our first target.
Trade active:
Target 1 nearly reached (4379), actually the resistance is 4392 so we should scale down the target a bit, now time for correction.
Trade active:
Target 1 reached! Peak now is 4680. Heading to next big target.
Trade active:
Last target was retested. I saw a big Cup and Handle. Now waiting for breakout 4550 area -> retest (chance for buying), then heading to next target. I'm quite confident with this kind of chart. Happy weekend!
