Hello everyone.
Like many alts, XLM is forming a bullish wedge. Buy zone is between 9c and 10c as this will act as support and resistance near to the breakout.
Why exactly 9c and 10c? Simply because they are round numbers, and round numbers in crypto are often psychological. Entry at 0.94 would be good as it could be a strong double bottom for this pattern to finish on. Otherwise, you can try laddering down until it reaches stop loss or breaks up.
Have fun :)
-Etch
ETH analysis:
Like many alts, XLM is forming a bullish wedge. Buy zone is between 9c and 10c as this will act as support and resistance near to the breakout.
Why exactly 9c and 10c? Simply because they are round numbers, and round numbers in crypto are often psychological. Entry at 0.94 would be good as it could be a strong double bottom for this pattern to finish on. Otherwise, you can try laddering down until it reaches stop loss or breaks up.
Have fun :)
-Etch
ETH analysis:
Trade active:
10% increase in a day after my call! :D Please leave a like if you made some money on this.
First fib resistance will be at $0.113 so you might consider taking some profits there
First fib resistance will be at $0.113 so you might consider taking some profits there
Trade closed: target reached:
:) Congrats if you followed this one. Hit my target EXACTLY! Unfortunately my order was just a few satoshis away from triggering so I didn't get the full profit from this. Hope you did! Unfortunately this wasn't a perfect call, but it would have been if I posted exactly 24 hours earlier than I did :) so the profit would actually not be 45.9% but a little bit lower. Congrats anyway especially if you did get in at 9c.
Thank you for the support on this post as well :) I will try to make more like this in the future.
Thank you for the support on this post as well :) I will try to make more like this in the future.
