XLM/BTC is currently within a falling wedge pattern on both the 4-hour price action and the 4-hour RSI. XLM/BTC is also approaching the .5 fib level which acted as support before it ran to ~2980. Setup looks good from what I can see as we have a falling wedge pattern heading right for a prior support zone, but Bitcoin can ruin the party if it decides to decisively move one way or the other. Also, if anyone wants to get a free stock from Robinhood, feel free to sign up using my referral link below. They also offer cryptocurrency trading on a select few coins if you're in an approved state. I'll put an article down below for those interested in Robinhood crypto. I also accept BTC donations if you guys are feeling generous! :)
Entry: 2525-2560
Target 1: 2630 (.382 fib level and prior support zone.)
Target 2: 2765 (.236 fib level and prior resistance zone.)
Target 3: 2975 (Top of the falling wedge and we could see a potential double top play out.)
SL: 2460-2490 (depending on much risk you want to incur given the current market environment.)
-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.
Robinhood crypto article: support.robinhood.com/hc/en-us/articles/360001284423-Commission-Free-Cryptocurrency-Investing
Entry: 2525-2560
Target 1: 2630 (.382 fib level and prior support zone.)
Target 2: 2765 (.236 fib level and prior resistance zone.)
Target 3: 2975 (Top of the falling wedge and we could see a potential double top play out.)
SL: 2460-2490 (depending on much risk you want to incur given the current market environment.)
-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.
Robinhood crypto article: support.robinhood.com/hc/en-us/articles/360001284423-Commission-Free-Cryptocurrency-Investing
Note
Coinbase earn is doing an XLM distribution: twitter.com/coinbase/status/1110593683366117376If you're interested in doing so, feel free to use my referral link, only 2 spots on it remain: coinbase.com/earn/xlm/invite/skzh0m81
Note
Target 1 at 2630 has been hit!Trade closed: target reached
Closed my XLM at 2636 in favor of LINK, see my latest TV post for the details on that.Note
For those still holding this one, looks like it will try and consolidate along the .382 fib. I still think it looks pretty good overall: 
FTX US: ftx.us/
Sign up for Binance US here: binance.us/?ref=35000668
Sign up for Binance US here: binance.us/?ref=35000668
Disclaimer
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.
FTX US: ftx.us/
Sign up for Binance US here: binance.us/?ref=35000668
Sign up for Binance US here: binance.us/?ref=35000668
Disclaimer
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.