已更新

Stellar could be moving

What i see here is this huge cup and handle. I think a few things make this next breakout probable. The rsi has bounced of 50 on the 4 hr after crossing it and maintaining above it for the first time since the market reversal we have been experiencing, which tells me there is support there. The adx is also bouncing of 25, and i believe there is a MACD bullish crossover as well forming. With BTC aiming 10k we are good for a push up.

We are way above the cloud and could get some pullback, however on the 1hr we just had a twist and retwist of the cloud in bullish favor. I will be watching to see if the 4 hr 50 rsi is closed below to reevaluate my trade or to add on depending on the circumstances.

My trade was made long ago and targets for me are .47, .53, and .63 as long as all goes well. This will more or likely wont go straight up since there has been lots of selling the past couple days, seems like people are liking the profits from early entries.
There is still more profit to come so lets hope BTC doesn't correct too hard any time soon and see where this goes.

註釋

The twist and retwist with channel and some of my minor and major resistance.

註釋

lets hope we stay inside the channel.

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Would like to see the 1 hour rsi bounce off around 50. would show me support at channel is currently strong. If broken might be looking to add some.

註釋

looks good let's see what happens. i sold channel break and reentered .343

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sold .371.gonna wait a while and see where this looks like its gonna go before reentering. a good trade so far, started at .196 .The cup and handle is looking good so definitely a reentry in the future. this is my first trade published and will continue to journal it here.

註釋

Going try and get reentry closer to recent bottom if possible, it would fill the cup nicely and keep price above cloud. if BTC continues to dip then this could easily test lower support beneath current handle at which point it will extend but still be good in my opinion. cup and handles have been breaking out nicely on other coins recently so I'm definitely looking to trade this one

註釋

looking for an entry now. would like to see it drop to next support or even .30. there is regular divergence on 1 hr so im looking closely for a quick short trade if another quick dip happens.