In my opinion Stellar is currently in wave 4 of the Elliott wave principle.
Wave 4 is typically moving sideways for some time, which it did. It often retraced to 38,2% or less of the 3rd wave.
Wave 5 is often smaller than wave 3 and similar to wave 1.
As shown, if wave 1 = wave 5, Stellar will be going back to previous highs, hitting resistance again at around the 830-850 level.
Wave 4 is typically moving sideways for some time, which it did. It often retraced to 38,2% or less of the 3rd wave.
Wave 5 is often smaller than wave 3 and similar to wave 1.
As shown, if wave 1 = wave 5, Stellar will be going back to previous highs, hitting resistance again at around the 830-850 level.
Comment:
currently 700 satoshi seems like the major resistance to break, after that it should be a sweet ride.
Order cancelled:
To many FUD because of money 20/20 and the rumours of Paypal and Stellar.
I bought in at 660 and sold at 757 so still a nice profit
I bought in at 660 and sold at 757 so still a nice profit
My ideas are not meant for trading advice, always do your own research. Always be prepared for bull and bear scenarios
If my ideas were helpfull, feel free to donate here: 1Kufwyg8tq8s76SUfCPvCZUVgLxSha8UZZ
If my ideas were helpfull, feel free to donate here: 1Kufwyg8tq8s76SUfCPvCZUVgLxSha8UZZ