Stellar about to break bullish flag and fly

BITTREX:XLMBTC   Lumen / Bitcoin
Stellar has been in a flag pattern and has been beating on the resistance level . We are also getting confluence from the RSI on the 2hr chart, which is about to break into the bullish zone again (65+ points). It should break it within the next 2 hours to the upside to complete Wave 5 of this EW pattern.

EW guidelines state that Wave 5 can go up to 1.68 of the fib extension of Wave 1-2 (or all the way up to 2.618,) or can make a 1:1 measured move of Wave 3 (or up to 1.618.) Note that this is not always the case, but more times than not, you can rely on these guidelines.

So, the lower target zone is between 1827 and 1962 sats .

The upper target zone is a little larger: 2190 and 2550 sats .

It is more likely we will reach the lower target zone, because (another guideline) when Wave 3 makes a 1:1 move to Wave 1, which is the case here, then we will (many times) see Wave 5 will move to 1.618 of Wave 1-2's extension. However, you should keep an eye on the charts because every now and then, you might get a special surprise.

side note: The fib extension on the right is the extension of Wave 3-4, the one on the left is Wave 1-2

As always, this is not financial advice and you should use this TA only for comparison. Good luck and happy trading.
評論: Closer look at the flag (30 min chart)

評論: The whales are playing paddy cake. Expect consolidation to continue a little longer (possibly 6 hours if current, adjusted support holds.)

Our bullish flag has changed to an ascending triangle, which signals likely bearish activity ahead. I am currently considering adding a stop loss just below the triangle’s support line and sliding it up for as long as the price doesn’t break support.

取消訂單: As noted above, I said we were developing a ascending triangle. I meant rising wedge. (I woke up in the middle of the night and saw it happening, so apologies, I was pretty groggy when I wrote the update.)

Anyways, as you can see, we have broken to the downside and have closed under the 55 EMA, which shows strong indication of continued bearish moves. Please follow my new post for further details.

評論: (Click the picture for the post)
Stellar has consolidated a good day or two at around 0.00001200-1300, we are starting to see a push hopefully above 0.00001600, than it coming back down a little until a further push
Thanks for your very comprehensive and conclusive TA!
Thx for clear analyzes!
ZH 繁體中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
AR العربية
HE עברית
首頁 股票篩選器 外匯篩選器 加密貨幣篩選器 全球財經日曆 如何運作 圖表功能 網站規則 版主 網站 & 經紀商解決方案 小工具 圖表庫 功能請求 部落格 & 新聞 常見問題 幫助 & 維基 推特
個人資料 個人資料設定 帳戶和帳單 我的客服工單 聯絡客服 發表的想法 粉絲 正在關注 私人訊息 在線聊天 登出