XLM looks like its completed waves 1 and 2 on the day.
looking for wave 3 to my target zone.
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XLM looks like its completed 3 sub waves of a higher order wave 1.
Wave 4 is currently forming, and i'm expecting a C move down the 0.5 fib.
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long bear move of xlm is over and with the recent bull run of btc, xlm also broke its falling wedge... so i guess xlm bull run is gonna be pretty strong and in less than 2 weeks i believe its gonna hit 50% gain...
The highlighted yellow in the chart shows a recurring pattern before it hits the resistance line and subsequently bounces off.
Use any techniques like this to help astablish a large patterns future points.
In this example it has helped show that the last point of this ABCDE wave. My expectations are for this to go long now.
Use this price for a nice buy in...
XLM has held very well through this massive market-wide correction.
I am bullish on this rocket logo'd piece of crap, small bag filled.
Once a breakout is confirmed this thing is gonna fly.
XLM has come back down and is now at a key support level. It also is about to touch the uptrend line it has been following for quite some time.
If BTC behaves there could be an entry here for a 9% gain up to previous structure.
We need a close above the support at 4344 and a bullish engulfing candle for confirmation.
On the daily chart of XLMBTC, the price is changing the trend direction into a bullish one within a beginning of the 5th Elliott wave of up period. Also, a buy signal is forming - AO indicator cross, a breakout of its level will be our buy entry.
I drew that yellow line its resting about 3 weeks ago, and it is really sticking to it. From using my graph, I predict that we will exit the fib circles with a new pump, XLM and XRP have always had similar pumps every 6 months, so I'd be fascinated to see if it does it again. Secondly, the commodity channel index, is predicting a period of stable accumulation...