In this chart I'm looking at an interesting pattern I noticed while looking at XLM and the price movement we've seen in the past months.
1,2,3,4
1,2
1,2,3,4
ETC.
If we continue this, I consider the .46 cent area to be strong confirmation that we are going to continue up in
this trend ( at least for now ). I will be watching for a dip in the RSI on our trip down to .31 cents, this should push us well into oversold territory giving us fuel for launch. I have labeled a buy zone for those who aren't already holding strong positions. I also labeled sell zones where
I am going to be liquidating portions of my XLM strategically to take profits in an attempt to capitalize on the next dip. Do as you please, this is my goal however. I have outlined our areas of support as well in green. ***BREAKING BELOW .31 is going to invalidate this idea*** I do not think it is likely, however if we did I believe we will see strong upward movement as it would be an incredible entry point for those who are late to the game. As always, this is NOT financial advise and I am NOT a financial advisor. Please always do your own due diligence and NEVER invest money that you cannot afford to lose because this space is extremely volatile.
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1,2,3,4
1,2
1,2,3,4
ETC.
If we continue this, I consider the .46 cent area to be strong confirmation that we are going to continue up in
this trend ( at least for now ). I will be watching for a dip in the RSI on our trip down to .31 cents, this should push us well into oversold territory giving us fuel for launch. I have labeled a buy zone for those who aren't already holding strong positions. I also labeled sell zones where
I am going to be liquidating portions of my XLM strategically to take profits in an attempt to capitalize on the next dip. Do as you please, this is my goal however. I have outlined our areas of support as well in green. ***BREAKING BELOW .31 is going to invalidate this idea*** I do not think it is likely, however if we did I believe we will see strong upward movement as it would be an incredible entry point for those who are late to the game. As always, this is NOT financial advise and I am NOT a financial advisor. Please always do your own due diligence and NEVER invest money that you cannot afford to lose because this space is extremely volatile.
Please like, comment and follow!
Thanks