MagicPoopCannon

Stellar Being Squeezed on All Sides! (XLM)

BITTREX:XLMUSD   Lumen / Dollar (calculated by TradingView)
Hi friends! I hope you're all doing well today. Let's take a look at Stellar! If you recall from my last XLM             post, I showed you the XLM             beakout and subsequent failure into the ascending broadening wedge (blue dashes.) We can see that at one point, price rallied significantly out of the broadening wedge , and the falling parallel channel (pink dots.) However, it turned right back around to close back inside of the two patterns, forming a shooting star-like candle ( shooting star .) This is a sign of weakness, showing that the sellers have quickly suppressed the buyers, when the bulls attempted a breakout. At the moment, you can see that XLM             is holding onto the 50 EMA (in orange) for dear life, as it moves closer and closer into the apex of trendlines . Overall, the bears appear to have an edge over the bulls, as they've been able to turn the last two breakout attempts into failures. However, we can see that there is another possibility. It is possible that a new uptrend channel has formed (in green.) You can see how XLM             is being squeezed by all of these different trendlines at the moment. It's being compressed, and coiled, into a tiny area. This increases the likelihood of some explosive movement, when it finally does break. Nothing is guaranteed, it's just more likely. There is a nice amount of open white space, above and below, at the moment too. On the upside, overhead resistance exists from 70-79 cents. Downside support lies at the 50% retracement level, around 50 cents. Below that, support will likely be found at the 200 EMA (in purple.) From here, we will have to see which direction this thing breaks. This has been your fearless kung-fu chart master, MPC             . Much love to the fans and the haters.


***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***

-JD-
Hey MR. Magic Poop , can you give us an update on where you think this is going to go?
回覆
mr magic poop any update on this @MagicPoopCannon
回覆
hi what do you thik now?
thanks
回覆
Sorry to burst your buble but thats not a shooting start, its just McAfee bumping another coin. But this this time one of the top 10s so it dint had such a big impact.
That being said, XLM will have a nice year most likely, but that "shooting start" its just an illusion.
+2 回覆
@Acel, shooting star... no t ;)
回覆
@Acel, You better should stay out of crypto with your lack of information. And you make your own TAs.. man srsly.. XLM will boom at least once FairX has arrived.
回覆
Acel Seviii
@Seviii, did you even bother to read my comment? Or only the first sentence and you got triggered?
Since you are too triggered to even search i will help you out and post the link. After you read it, look at the chart and see the relationship between the feed and the time of that "shooting star". Then read my commend till the end. Thanks.

https://twitter.com/officialmcafee/status/952906702478864384
回覆
the tweet**
回覆
@Acel, Thank you for commenting! Notice, that I said “shooting star-like.” Technically, it isn’t a full blown shooting star, because there isn’t a gap up from the previous candle, but it’s very close. Regardless, it shows firm sell-side pressure. =D
回覆
Acel MagicPoopCannon
@MagicPoopCannon, nothing against your or your TA. Just wanted to point something out. Volume on that candle is x3 compared to the Avg volume and x5 compared to the previous and next candle.
回覆
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 個人檔案設定 帳戶和帳單 我的支援工單 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