crypTouche

STELLAR just a Bear Trap? Bullish Pennant pattern+targets

Long
crypTouche Updated   
BITTREX:XLMBTC   Stellar Lumens / Bitcoin

Hi all, in this time a lot of altcoins do great numbers, but I am looking for coins where is some stagnation.
There is Stellar, moving in big bullish pennant 1 year. now we can be in bear trap, we close below our support, but next candlestick are bullish, so for me is good signal that we are still in pattern. We dont create lower low, its very important. I am in.
RSI never wasnt down like now.
MACD is crossing now.

Targets:
4200sat
5600sat

Stoploss I get near 2500sat, its a last support in this pattern.

I will be update it
Thank you



Comment:
Hi all, stoch 1d crossing now, rsi possitive divergence, bollinger bands tight, we can be soon inside bullish pennant.


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.