CryptoPAMM

12 Th01 2018 18:42

Stellar Lumen Still Flying Giá lên

Stellar Lumens / US DollarBittrex

Mô tả

⋅ 12 Th01 2018 18:42

Lumen continues trending upwards while producing higher highs and higher lows. On the last wave up it produced an all-time high, hitting $0.97 and breaking above the 427.2% Fibonacci resistance level applied to the last wave where 200 Moving Average was rejected.

Following corrective wave down resulted in the 60% decline and price went as low as $0.4, where 200 Moving Average was rejected once again. After, XLM/USD went up breaking the downtrend trendline suggesting that the uptrend is now likely to resume. The first strong resistance is seen at the $1.18 where two Fibonacci retracement levels are inline. Only a break and close below the 200 Moving Average could invalidate bullish outlook.

Giao dịch đang hoạt động

⋅ 17 Th01 2018 13:43

Still bullish

Bình luận

⋅ 18 Th01 2018 19:18

Price produced spikes that went below 200MA, but no definitive break below

Bình luận

⋅ 24 Th01 2018 17:17

Expecting Lumen to go up from this point

Giao dịch đang hoạt động

⋅ 30 Th01 2018 16:15

Bình luận

MarcelMartins

⋅ 12 Th01 2018 18:48

@hitech may i ask (i follow your premium telegram aswell and really enjoy it)

Why do you prefer EMA 200 instead of SMA 200 ? Do you think its more accurate the bounces?

CryptoPAMM

⋅ 12 Th01 2018 18:56

@MarcelMartins, thank you for good feedback ... cryptos grow exponentially, so why not to use the exponential moving average? :)

knowhatamine

⋅ 13 Th01 2018 07:57

@hitech,
An exponentia (ly weighted) moving average merely puts more weight on recent prices over older ones. Please explain your reasoning.

CryptoPAMM

⋅ 13 Th01 2018 12:58

@knowhatamine, there is no reasoning, you can use any MA, they are very close to each other, especially on 200 period

knowhatamine

⋅ 13 Th01 2018 14:45

@hitech,

Of course! :)

The more indicators, the better your prediction. Look at crossovers of weighted and simple moving averages is also well worth it. ;)

knowhatamine

⋅ 13 Th01 2018 07:59

@hitech,

Try logarithmic scales.

CryptoPAMM

⋅ 13 Th01 2018 12:59

@knowhatamine, why would i need to try it?

knowhatamine

⋅ 13 Th01 2018 14:50

@hitech,

You don't. I don't ever use them. I was just saying that because you mentioned the exponential growth of our beloved crypto prices. Wasn't really serious, just like your EMA comment I suppose. :D

CryptoPAMM

⋅ 13 Th01 2018 17:18

@knowhatamine, cool :)

i8myapl

⋅ 24 Th01 2018 17:19

@hitech Thanks for the promising update. Yey! Very much enjoying your posts :)

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