MattRuiz620
看多

XLMBTC Bullish Pennant - 69% Profit

BINANCE:XLMBTC   Stellar Lumens / Bitcoin
Hey Guys:

BINANCE:XLMBTC is our next coin of discussion. Take note of the similarity between our approach to this coin and how we are trading BINANCE:POEBTC . I've provided a link to that trade, which is still active.

It looks as though BINANCE:XLMBTC is forming a bullish pennant . Should the pennant break, we could see profits of up to 69%.

Using the height of Pole A, we can estimate the peak of the second rise; should there be one. The estimated peak from Pole B just happens to also stop at the peak of our Fib Extension.

Entry Point

Look for the price to break the pennant . Although, if the price reaches the end of the pennant , then we are looking at an entry point below the 0.236 Fib level. Look for an entry between the 0.236 and 0.382 Fib levels.

Target Points:

(1) 0.00006004
(2) 0.00006707
(3) 0.00007708
(4) 0.00008983

Stop Loss:

We're going to wait until this trade develops some more before determining a stop-loss.

Indicators:

Moving Averages
  • Although the 50-period MA (Blue) has just recently formed, if we try and envision the right side of the chart, we see the potential for it to continue it's current trend. Likewise, we would want the 20-period EMA (Orange) to stay above the blue line.

Sniper T3-CCI

We are now waiting for one or two more candles to appear above the line. Just as we did with POE , it may be smart to wait for the price to break both the pennant and the 0.236 Fib level so that we can confirm an uptrend.

Good Luck!

-Matt


交易進行: Hey Guys:

If you look at the chart below, you'll see that we've reached the 0.5 Fibonacii level which we get from the Fib Retracement tool. The last eight times that we've broken this level, we've closed the day with a bullish run. The last two times that we've tested this Fibonacci level after ab uptrend (A & B), we've had a drastic drop in price. i.e., large red candles. This time, however, we've had a gradual drop over the past 4 days. This indicates that there is support behind the current trend.



Sniper T3-CCI
It would appear that we "should" be nearing the end of the downtrend, if not already at the bottom. Should this be the case, look for this to provide confirmation if there is a reversal.

Should the price close below the 0.5 Fibonacci level, look to enter a buy position at the 0.618 Fibonacci level.

-Matt
手動結束交易: We will revisit once a new opportunity arises.

-Matt
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
概述 個人資料設定 賬戶和賬單 尋求幫助 發表的想法 粉絲 正在關注 私人訊息 在線聊天 登出