Yes, after a very protracted correction, we now do have Wave 1 and 2 confirmed. This is in time for the beginning phases of Wave 3. Once again, a bit early to call Fib targets, I always like to see at least one Sub Wave 3 completed before I do that. This should be seen soon, because fractals never lie. Not financial advice - do your own research.
At the beginning of 5th Wave Impulse here. Fibonacci levels for goals and expected time for completion. Invalidated if we drop below start of fractal. I will be watching this space carefully and modifying goals, as the market action unfolds.
The count I have for XLM has us already done with the wave one and potentially working on the 1/2 of the A.
Its always possible that I have miss read the subdivision of the final 5 and we get another move up but we are close to a top here ether way.
I recommend if you go short here to use a stop above the high. its better to take a small loss and re-enter, than...
. There is a possibility of temporary retracement to suggested support line (0.0706). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. XLMUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support....
XLMUSD Stellar / USD Elliott Wave interpretation.
All levels are based on the termination of wave 3 at 0.093477. This is where wave 3 will have travelled 161.8% of the distance travelled in wave 1 and is the most common Fibonacci relationship between wave 1 and 3. Should we break through this level this analysis would no longer be valid.
Based on previous breakout of downward trendline the potential for huge gains over the next month or so are great. The Meridian conference over the next couple of days will likely provide a huge clue as to the scale of the next move higher.
Monfex is at your service and today we overview XLM/USD log scale.
By breakout the first resistance line, Stellar will begin to target to the second, MA200, zone of resistance.
RSI is also movng to the overbought zone.
XLM will upgrade Q4 Protocol to the end of this year.
The resistance zone ~ $0.875
The local support zone ~ $0.65
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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Hi guys, there are altcoins in top 20 that fall a lot (Neo), or Alts that fall just a little (ETH). But there is also one altcoin that is growing quite a few months already. This altcoin is Stellar and you can see that it made it´s year´s low already on february. Since that time, we´re in process of making higher lows and lower highs, so creating a clear triangle....