Plotting possible bull cycles for Stellar, this is under the assumption that a death cross will bounce the price up as can be previously seen, which then led to a golden cross. It can be seen there consistently is an 'initial pump' which leads to a larger pump. Will this occur again? If so I have plotted the initial pump on chart. Happy Trading!
Technical analysis:
. STELLAR/BITCOIN is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 54.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0000064 to 0.000005). if so, traders can set orders based on Price...
Technical analysis:
. STELLAR/BITCOIN is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 54.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0000064 to 0.000005). if so, traders can set orders based on Price...
Technical analysis:
. STELLAR/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00002925 to 0.00002800). if so, traders can set orders based on...
Technical analysis:
. STELLAR/BITCOIN is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 31.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00002990 to 0.00002840). if so, traders can set orders based on...
Technical analysis:
. STELLAR/BITCOIN is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 49.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of...
Technical analysis:
. STELLAR/BITCOIN is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 49.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of...
Technical analysis:
. STELLAR/BITCOIN is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 36.
. While the price downtrend in the Daily chart and the RSI is not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of...
Technical analysis:
. STELLAR/BITCOIN is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 36.
. While the price downtrend in the Daily chart and the RSI is not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of...
So im really trying to be as realistic as possible here...
Ive mapped out the STRBTC chart dating back to around OCT 2017 when the the last uptrend began.
Im a long term bull.... HOWEVER.... in the near term I see a short opportunity as stellar completes the C wave correction after this small 5 wave structure we had to end the major correction from early 2018....
STELLAR/BITCOIN
New trading suggestion:
*The price is in an up trend and we forecast the uptrend would continue.
* There is possibility of temporary retracement to suggested support line (0.000037) , if so, traders can set orders based on Price Action and expect to reach short-term targets.
Entry signal:
Signal to enter the market occurs when the...
STELLAR/BITCOIN
New trading suggestion:
*The price is in an up trend and we forecast the uptrend would continue.
* There is possibility of temporary retracement to suggested support line (0.000037) , if so, traders can set orders based on Price Action and expect to reach short-term targets.
Entry signal:
Signal to enter the market occurs when the...
