So i undervaluated the power of the bears in my last charts as 99% of traders did, i said XLM was near bottom and i was wrong.
Here you can check out my old BTC analysis more accurate because BTC is just older and more easy to predict :
it's very difficult to analyse some kind of new products and new technologies, as crypto alt-shit-coins are very new. A good trader have to start from multi months and sometimes years to try to read the future in his crystal ball and this is impossible with new coins.
in this older analyse you can see that i made a screenshoot about MACD and told that would be the last month of the bears, and on this one i was right. As you can check MACD is turning Green and Columns starting to be smaller. no need to look at the rest MACD is the most powerfull indicator in Trading.
So! for now based on Fibo retracement the first target for XLM is 2000 Sats! the rest is only patience! just wait for MACD cross up !
Don't forget all i do is for fun and for free. i don't have any Twitter/Facebook/Website or paid VIP channel. just share my view and trying to be more efficient day after day!
Happy Tr4Ding !
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Far view.
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failed 1 time on EMA50. waiting next attempt.
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Double rejection EMA50
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passed EMA50 and ichimoku open a green snow. next resistance should be around 1200 sats.
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well i don't know why i wrote many times EMA50 as it's EMA100 (Orange Line)! Next Resistance is EMA200 (red line).