XLM/BTC (binance) - Momentarily might recover

in #xlm • 6 years ago

From last blog entry we saw Stellar making it to 4974sat and now we are in retracement. Stellar almost hitting against 0.618 fib retracement and 0.382 fib from ATH as support which is not especially low. Ideally, before entering the trade with certainty, we would like to see a bit more retracement, but if we do continue upwards we can expect a strong price surge.
12h chart
5af4624084344.png

I believe we might see a continued uptrend soon since price action has been very stable with a lot of candle wicks to the downside and a nice green doji forming. This is a very clean descending channel we are in without any real tops or highs, which could promise good things soon. Trade against 4850 are with laddering in case of ABC, which if volume rises, I don't think we will see.
MACD and rsi ticking upwards.

12h chart
5af462b5389fb.png

FA: Nothing special.

Personally I will put an alert at 4180 and depending on indicators, announcements and volume gradually buy in.
Trade with caution, high risk.

#btc #stellar #bitcoin #binance
6 years ago in #xlm by
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