What's up trader's, investors and delusional moon boyz! Here is another analysis on XLM. Sorry I haven't posted in awhile, but I wanted to get confirmation on a few things. If you have ever seen my other XLM analysis', you will notice that my bearish outlook was us finishing between $.12-$.20. As I look closer now, there is a huge chance that we could wick down to the $.12-$.13 area with the 200 day weekly MA being the target at $.16.2. Whew, if this happens, you better sell everything else you have in the stock market and move that $$ into XLM for this life changing trade. Trust me, the market isn't going anywhere, however XLM is. Or, you could make sure you have some cash free to gobble up bags of XLM! I would say that we are looking at minimum 200% profit in a very short time. At the time of writing this, XLM is about to do 1 of 2 things. Either hold at $.23 with a nasty wick going a little lower and knock out all the weak hands, therefore fooling the majority OR it will continue it's path down into the crypto abyss. I'm leaning towards the abyss, however this market is meant to fake us out and try to make us look stupid! The one thing that I can't understand from other analysts here on tradingview, is how can you say we are in a wave 3 right now when we cant even get a daily volume above 80 million? People are calling moon shot's, when everywhere you look there is a bear just chillin smoking a blunt! Sorry, but moon boyz kinda irritate me. Anyway, whatever happens here with XLM we will be prepared. I'm watching this closely to see if we can break this massive head and shoulders to the downside or fake out into a mini slingshot back to the upside. It should be interesting!! Good luck everyone and happy trading!!
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Looks like a retest of the neckline! Sink or Swim for XLM at this time of writing. I know my plan. What's yours guys?? Good luck
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So looks like it was a fake out that went both ways. I will be DCAing from here on out. I hope you guys didn’t jump in to early. It was indeed a retest of neckline that wicked pretty hard. If $19.8 breaks, down into the abyss we go.