Stellar Lumen (XLM) has Likely Completed the Correction with a Bull Wick

7개월 전
in xlm

SUMMARY

Stellar Lumen (XLM) has been processing a three month long correction that took the shape of a downward pointing symmetrical triangle. Elliott Waves show that the correction could have completed with a bull wick event. Price has thus far breached the upper white line and we'll need to see a couple rounds of an impulse move up.

Closer examination of subwaves show that the first round of impulse motive might be near complete. This would be followed by an abc or another type of correction so that the second round of impulse could be initiated. The top alternate calls for a bounce and more sideways price action.

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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Nothing is like information, and that is what you provide. Useful ones for that matter. Let the cryptos rise above and beyond. Thank you for
a useful content.

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What's the name of this app?

I pitty those who have been buying the dips and it kept on dipping

Amazing, good post @haejin, your is the best,
@haejin, please follow and upvote me

Not enough volume to confirm. Thoughts?

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I think the large volume spike at 6k belongs to that guys that were smart enough to sell at 20k.
Very often those guys dont trade with BTC, so they didnt sell on the recent dumps.
That would explain the lack of volume to me.

But really, who knows.

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The Resistance

Bitcoin should reach $10,600 soon. The mor BTC grows the more xlm will see higher prices.

https://steemit.com/bitcoin/@gbksa/bitcoin-should-potentially-reach-usd10-600

Thank you for the information. This is one that I was looking into getting.

I agree. The charts and forecast below are based on yesterdays closing prices. Will be updating in the next 24 hrs on today's closing price data. My analysis on Stellar(XLM):

031918_Stellar_7D.jpg031918_Stellar_30D.jpg031918_Stellar_365D.jpg

좋으정보감사

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It's only meant for use as informative or entertainment purposes.

@Haejin You do not provide any entertainment. I brought you some.

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