Everything in graph. H2 Timeframe.
1. we have Bullish Pennant Pattern formation
2. we are supported by EMA50 (Orange Line) H2 TF
3. we are on top of Daily pivot
Scenarios :
1. bad
Breadown this pattern and XLM will back around support 0.15ish
2. good
Breakup this pattern and fly to 0.25ish Resistance 1 and retrace
3. very good
Breakup this pattern and fly to 0.30ish Resistance 2 and retrace
So now we just have to follow King BTC moves to see where Stellar is leading us.
in any of this cases i recommend you to be patient in that kind of area and wait for a Breakdown or Breakup to enter any position.
Happy Tr4Ding !
1. we have Bullish Pennant Pattern formation
2. we are supported by EMA50 (Orange Line) H2 TF
3. we are on top of Daily pivot
Scenarios :
1. bad
Breadown this pattern and XLM will back around support 0.15ish
2. good
Breakup this pattern and fly to 0.25ish Resistance 1 and retrace
3. very good
Breakup this pattern and fly to 0.30ish Resistance 2 and retrace
So now we just have to follow King BTC moves to see where Stellar is leading us.
in any of this cases i recommend you to be patient in that kind of area and wait for a Breakdown or Breakup to enter any position.
Happy Tr4Ding !
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May 16
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Demand Zone :
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it looks like a break down but have to wait to finish Daily candle to get a real confirmation. we are still supported by EMA50 on H4 TF.
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Finally broken down this triangle.
November 1 :