XLM/BTC The coveted Wave 3 is already here. still lots to go.
XLM has officially bottom and everything is aligning for take off.
-50 MA crossed 100 MA on daily recently
-RSI, MACD all bullish on all mid to long time frames
-weekly bull MACD cross occurred 1-2 weeks ago, all set for multi week/month uptrend
And the 2 things that hold XLM back
-the 50 day MA crossing the 200 day MA
-1k satoshi price level
Black line trailing down is 200 MA
red line moving up is 50 MA
purple is 100 MA
currently ascending triangle, if it can hover between 850-1000 satoshis, this should happen within 1 week or 2. There is room for this to consolidate further in 600-800 satoshi range, this could take another month.
but rest assured, when the last of these indicators occur, all bets are off.
First Wave was 125 satoshis to 450 satoshis
bottom at 250 satoshi.
trend based fib extension shows incredible levels. remember wave 3 must be longer than wave 1. and there is so much more backing this wave 3...
i think 1.618 and 2.618 extensions make for likely targets 3-6 months from now. and with the collapse of btc to "normal" price around $5-6k, 4.236 fib extension makes sense as well.
We have IBM blockchain specialists posting in the stellar reddit and barely able to keep their excitement for what is coming. think about that.
-50 MA crossed 100 MA on daily recently
-RSI, MACD all bullish on all mid to long time frames
-weekly bull MACD cross occurred 1-2 weeks ago, all set for multi week/month uptrend
And the 2 things that hold XLM back
-the 50 day MA crossing the 200 day MA
-1k satoshi price level
Black line trailing down is 200 MA
red line moving up is 50 MA
purple is 100 MA
currently ascending triangle, if it can hover between 850-1000 satoshis, this should happen within 1 week or 2. There is room for this to consolidate further in 600-800 satoshi range, this could take another month.
but rest assured, when the last of these indicators occur, all bets are off.
First Wave was 125 satoshis to 450 satoshis
bottom at 250 satoshi.
trend based fib extension shows incredible levels. remember wave 3 must be longer than wave 1. and there is so much more backing this wave 3...
i think 1.618 and 2.618 extensions make for likely targets 3-6 months from now. and with the collapse of btc to "normal" price around $5-6k, 4.236 fib extension makes sense as well.
We have IBM blockchain specialists posting in the stellar reddit and barely able to keep their excitement for what is coming. think about that.