niktraders

Divergence along with a good pattern

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niktraders 已更新   
BINANCE:XLMUSDT   Stellar / TetherUS
Hello everyone
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XLMUSDT :
Possible elliot count was shown in the chart.
please note that at wave 5 we have an ending pattern with a divergence between the price and MACD oscillator.
the evidence support an idea of possible upside short term trend.
the price breaks the ending pattern and triggers the long position.
please remember any analysis can be failed. so, manage your risk and respect your stop loss.
评论:
As I expected, the price moved upside to the strong resistant zone and the price rejected from the resistant that is shown on the chart.
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