Stellar XLM inverse H&S, Part 4 Triangle
So we overreached the first target slightly and since dropped just as fast again, but we are still above a support level. No we do NOT want to see that green support get broken because that could trigger more selling pressure. If some were wise enough to take some profit at the yellow circle and still believe in the bullish version, this would be the spot to add again. Make sure you have your game plan ready (stops and targets). I am waiting though with adding because Bitcoin' is still in a very dangerous spot at the moment. Above 6350ish would be much safer level.
Whatever happens, we have to stay above the red zone, that is a key level. So there are two stop levels to use now, the green box or the first entry zone at the red box.
Read my previous analysis to understand the whole game plan better. Always keep track of my Bitcoin' analysis because i update there much more about the market conditions. Sometimes giving warning signals or bullish signals.
Please don't forget to like if you appreciate this :)
Previous analysis:
Whatever happens, we have to stay above the red zone, that is a key level. So there are two stop levels to use now, the green box or the first entry zone at the red box.
Read my previous analysis to understand the whole game plan better. Always keep track of my Bitcoin' analysis because i update there much more about the market conditions. Sometimes giving warning signals or bullish signals.
Please don't forget to like if you appreciate this :)
Previous analysis:
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