STRBTC trading in high resistance zone. The sellers are exhausted.
On a graph you can see the situation from my point of view.
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Easiest trade of my life
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Looks like some one hedging the ALTS not only StellarLumens, of course it is not secret but you know what I mean.
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Break out! Resistance area 3900-4000
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Seems like we can reach next resistance zone. What's going to be after is a good question. It all depends on Bitcoin. Bitcoin for me looks bearish in mid term, but it can consolidate around 7500-7800 for few days. So, Lets see.
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Ok, we got 2bl rejection. 1 From falling wedge. 2 From Head+Shoulders Trade still active
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Good opportunity to enter long with low RR ratio
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Red trend lines form bullish triangle(flag) Blue trend line Head+Shoulders rejection Green trend lines Falling wedge
Expecting rush to the 4000 zone
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Searching for support. 3500 will be key level
Trade closed manually
We are going to test our previous bottom. Will be looking for reversal trade
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.