Quick or not so quick trade on: XLM/USDT & ZIL/USDT

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(Edited)

For those who failed to participate in yesterday's IOST/USDT Blood-bath, as prevented on my call post the day before, the results were, at least for me, better than expected since it broke the neckline

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Now, after BTC little drop, there are many altcoins showing a similar and interesting trading pattern.
Two of them I am following with a "Knife in my mouth" :-)

The first is XLM/USDT:

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5 outstanding waves completed, starting a deep correction and approaching to the decisive point of breaking or not the Neckline of a well-formed Head and Shoulder pattern.

For this one I am planning to enter here:

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The Second is ZIL/USDT:

Looking at the 4h chart, this crypto has done a formidable rise but the pattern that is just forming is indicating a similar fall into the catacombs:
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The neckline is still far, apparently, for being broken but the decrease in volume may indicate a sudden breakage in the coming hours...

As usual, waiting for the confirmation of:

  • Breakage of the Neckline
  • Increase on volume just after
  • BTC to don't break the balls so much...the same for the rest of the markets, in particular DOW JONES (LOL)

Will see if I can keeping "fishing".


I'm sharing only my quick trading Ideas here, not financial advice at all ;-)

@toofasteddie


*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.



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2 comments
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Buen post, buen analisis

Estuve siguiendo a Zill en una posicion y por suerte la vendi, cuando dio indicios del cambio de tendencia.

No se si corregira tanto, porque las alcoins que dan recompensa por staking en su propia red, estan muy pump, pero tu analisis es alarmante

Buen post tienes mi voto

Posted Using LeoFinance

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