1) There is an established support trend line 2) If BTC drops to around 31k there's a high chance XLM price will fall back on this trend line. 3) there's also a chance for the XLM price to fall to 78.6% retracement level
1) Price clearly is battling with resistance at $35.6k 2) If we close below the $35.2k support level, then price can temporarily visit $34.6k support level. 3) When 2) happens, then $35.2k level has the potential to act as resistance and if price fails to rise above this level, the price will be sent down to $34k support level. 4) If the sellers panic, then the...
Just a thought. this could really be a H&S unfolding and i think we're heading to below $36k.
1) Price failed to stay above the upper trend line and establish support. 2) Price is back in the ascending channel and there's a high chance price will visit the lower support trend line. At least we know we have strong support there. 3) Price needs to react by forming multiple giant green candles once we touch the lower support trend line of the ascending...
1) The bull run from 2020-2021 was Wave 1 and the price reached $0.8 2) Wave 2 was the bear market that followed and the price corrected back to $0.07 3) We are in the middle of Wave 3, and I anticipate that Wave 3 itself will play out as a 5 Wave structure. My target for Wave 3 is 161.8% of Wave 1, which translates to around $4. 4) I SPECULATE that unlike Wave...
I would like to put my focus on this resistance trend line that now has a very high potential to become our support. Personally, I will wait for the price to retest this level and buy upon confirmation with a nice green candle. I believe we just completed 5 Elliot Waves and I'm expecting an ABC correction, where price would fall on the past resistance line and...