XML : Cup and handle forming look for the break out

XML is forming a cup and handle I would wait for the handle to form.

The MACD is crossing over and the RSI is also high, indicating that the handle is forming.

Setup a buy order at around 0.00004900 and wait for the breakout.

Because of the volume, I would not wait too long to take profit after the breakout.

Trade attivo:

I think we are flattening a lot sooner than expected.

While the decision is yours, I think XLM will be breaking out in the next few hours.

So I want to move my buy order at 5100 or even 5200 if I cannot watch the breakout more carefully.

Commento:

We are getting very, very close to the break-out point.

I placed a buy order at 5100, but the perfect cup and handle seems to be following the perfect pattern, it should breakout at about 4900, (or even 4800, but I personally would not chance that low).