XLM / BTC. Channel 50%. Double bottom. Trend line. Pivot points

Jan 17, 2020

XLM / BTC . Horizontal channel 50%. Now the price is at the bottom of the channel, if support is confirmed and an upward local movement begins, the potential for the first resistance is + 50%. Price rests against a downtrend (red line) of the main trend, breaking it and fixing above it can mean a trend reversal. A double bottom may form.

The potential of the first upward movement when the trend changes to an upward 50-165%.
Pivot points (zones) are shown on the chart.
Fixing prices above 0.00001300-0.00001500 will mean a new upward cycle.

ENTRANCE + TARGET
1) Now (at the bottom of the channel). + 50-165%
2) On a breakthrough, or rollback after a breakthrough of the main downtrend line (red line). + 100-120%
3) Price fixing above the zone of 0.00001500. The full potential of the new uptrend, goals on the chart.

Stop loss
Under key support levels during your entry into the market.
Do not forget to move Stop Loss during the price increase, but take into account the volatility of the coin.

Former trading we go on this pair of XLM / BTC:

XLM to BTC is not yet bottom. From this level there may be a movement of + 35-90% May 2019.

XLM Falling wedge . Cyclicity. + 32%, + 42%, + 52%, + 62%? July 2019.

Trading idea to the dollar XLM / USD
XLM ( Stellar ) / USD downward channel . Work on a coin.

Feb 13, 2020

Note

+36%

Apr 28, 2020

Note

Apr 28, 2020

Trade closed: target reached

+ 55% Take profit of work in the channel is reached. If the price fixes above the channel resistance, the price may exit the channel of accumulation and the emergence of an uptrend in the global

Jul 12, 2020

Trade closed: target reached

After a local uptrend in the accumulation channel + 55%, the price could not overcome the resistance. Price rolled back to support the channel. From this support (price reversal zone) a new uptrend began. Now the profit is already + 65%. The price has overcome the resistance of the channel. Breakdown of the resistance level, a possible rollback to the mirror level. Fixations above the channel resistance will mean a full trend reversal and exit from the accumulation channel.