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.
Hello, Traders!
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 ~ $0.65
Market...
Hello Binancians,
Welcom Back,
We will be looking for reversal on the XLM.
For short term price can bounce back to 0.18$, that is mean 200% reward.
Respect your money managment
Best Regards
XLM looks like its completed waves 1 and 2 on the day.
looking for wave 3 to my target zone.
f you've found this useful, feel free to donate. thanks.
BTC: 1LCayhGfdzsNP9M5227LyE28FKed4thEsB
LTC: LaPLQ6JoiqrxYED9FBNVphyApAhpW4Yw3R
ETH: 0x1Ec59747Ff307FaA71de070A3914e9afFbac7424
This trade is aimed at longer term holders. The market in all crypto's has shown a very strong start to 2019 with 5 clear impulsive waves up. Thus an ABC has followed and it is extremely likely that another 5 waves up will now follow. This is possibly the best opportunity to get into crypto as XLM has nearly reached the 0.618 retracement of wave 1. The target is...
This trade is aimed at longer term holders. The market in all crypto's has shown a very strong start to 2019 with 5 clear impulsive waves up. Thus an ABC has followed and it is extremely likely that another 5 waves up will now follow. This is possibly the best opportunity to get into crypto as XLM has nearly reached the 0.618 retracement of wave 1. The target is...
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.
if you've found this useful, feel free to donate. thanks.
BTC: 1LCayhGfdzsNP9M5227LyE28FKed4thEsB
LTC: LaPLQ6JoiqrxYED9FBNVphyApAhpW4Yw3R
ETH: 0x1Ec59747Ff307FaA71de070A3914e9afFbac7424
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....
Stellar Lumen (XLM) is providing a potential to capture the terminal end of a correction, which is the best time to cast an entry ladder. The chart below shows XLM having completed a five wave impulse (white). Elliott Waves states that after every five wave move, there is a requisite retracement. This corrective rerace can come as an abc zigzag, abc flat, traingle...
Considering the change in direction across the market, has XLM broken its downward trend line and begun its upward climb? Time will tell as we approach the seemingly strong .470 resistance line.
