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Wednesday, August 19, 2020

XLM bullish setup (R:R10 55% profit)

XLM bullish setup (R:R10 55% profit)

Stellar / Bitcoin BINANCE:XLMBTC

Hello everyone,

after I catched 100% moove on OMG (OmiseGo)

Risk 0.25 BTC & turn it into potencial 5 BTC profit with R:R 20

Im concenrated on XLM now as It shows very similliard setup.
1) The previous resistance seems turning into support now (Blue line and red/green thumbs up)
2) The price broke out of the falling wedge and seems retesting it
3) RSI in the uptrend
4) Sitting on 0.618 green fib from the previous run

snapshot

So lets wait and see how this will play out.

What are your thoughts ? Feel free to share them in comments below



ChaChain
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Disclaimer:
I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.

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