pump cycle of XML has started again it has just broken out of the falling wedge with CONFIRMED volume
is it ideal time to buy in? if you like to buy in a +10% chart , then do it. If NOT, wait for it to cool down by using 30 min chart and jump. This is just the start so don't feel that you have missed the fun
P.S: this is NOT financial advise
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XML is pausing now. IF ( i say IF) the price stall there pretty long without going up, there is a high chance that it will retrace back to the break out zone .
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the beast MIGHT also decide to have one more leg up before deciding to retrace. IF it does so, the highest price it can go will be in the pointed zone
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coinbase announces to explore at listing XLM
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bearish divergence has been spotted on 4hr or below but not on above 4hr.As stated above, the max of this rally should be around 0.000036 or lower, then XLM will start correcting. The correction is the chance to load for this bull :)
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this baby needs to retrace :)
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look like correction has started :).OH YEAH
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overextended on stellar's price now. Momentum has decreased but price keeps trying to go higher. Bearish div on lower timeframe too Eventually it will drop :)
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correction is coming
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touching LAST bearish trendline
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same for USD version. it is not the LAST with usd, there are a few above (near each other) but those are in Log version. First , we need to see how xlm reacts to the nearest line first
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I will be shocked if we don't have any kind of reaction at these long-term resistance line :) The only red things I see are : - rsi oversold (not a matter during strong bull) - and these resistance lines
No bear divs at all
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remember that this is just the START. if you don't have any position now, just don't look at stellar for this week because i expect a cooldown (red mode) for coins pumping during weekdays. Then next week we will start a second rally.
if you fomo yourself, you might get caught at buying top
why ? buy support on stellar is still very small compared to other big bullrun. Usually it is 800+ btc on buy side. Right now only 200+ , so pretty much you can't get out easily if you buy at top price
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textbook drop :). Got rejected at the downtrend resistance line, Then have a violated doji, then next day is a red candle which signals for further drop
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bull is back again. There are 2 scenes: 1. bearish: the correction is so quick, so we might have a double top scene with bearish div on RSI to let people have enough reason to dump for a better correction 2. bullish: bull is so crazy, it breaks previous top, when it happens , people will start jumping in again and we continue on going up
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still too early to confirm double top because of this strong bull. However, need few more hours
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so the double top has played out. This is not an easy market. Lot of bull traps >>>><<<< Time for correction :)
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Bull still doesn't give up. We are forming symmetric triangle in both USD and BTC chart now. It is usually a sign of continuous pattern during uptrend. Now we need to watch carefully for the break out or down
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welcome to bloody weekend :)
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bang
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I really hope 1 DAY chart of xml-btc ends up with this ugly doji candle :)
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possible Head and Shoulder with target drop
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btc has gone into pullback mode. And it is a good time for stellar to shine conservative target is the previous high which I think it will be broken in later anyway
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bang, stellar is on fire :)
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see the similarity with the one in april ? this is just the beginning , folks :)