XLM pennant: classic alt coin mooning pattern

XLM is a good project with an actual use case that hasn't pumped in a while. It isn't close to its all time high in Satoshi's, and I think we have a potential long opportunity if XLM breaks out of this pattern to copy a similar pattern which many mooning alts have followed lately (Look at XRP as an example).

On a clear confirmation of break out I will go long and I will start taking profits incrementally around 1600 (target is your call, personally I will try not to be greedy). Stop loss on red line or your own risk tolerance.

I appreciate any feedback as I am new to TA and trading.

Commentaire:

I missed the breakout :( Took too long to transfer between exchanges and breakout came slightly earlier than expected.

If I learn from my mistake then it was worth it. Hope you all caught this trade!

By the way, I think XLM will be one of the best holds of 2018