Stellar/USD - Poloniex - Potentially Accumulation Schematic #2 for POLONIEX:STRUSDT by WyckoffMode

Here's a copy of the cover chart for a better representation and easier reading:

Stellar/USD is currently looking as though it will be an Accumulation Schematic #2. The main reason is our previous low did NOT go below the lower boundary of the trading range @ $0.15873684. Instead, it remained above it to avoid signaling a "Spring." So, I'm not expecting a "Spring" that results in a "Sign of Strength" shortly afterward above the Upper Boundary of the trading range and off to new highs. Not yet...

I'm expecting one more drop to the downside. I'm expecting that drop to be a higher low than previous low of $0.17157085. That drop will be identified as "Last Point of Support" (LPS) in phase C of a Wyckoff Accumulation Schematic #2 pictured here:

Feel free to click the icon at the lower bottom right underneath the cover chart to "Make it My Own" for use in your own trading.

Below, are two links with further information on the EVENTS TO OCCUR WITHIN SCHEMATICS. Both were put together well in a short synopsis of Wyckoff Schematics:

FREE Books by Wyckoff can be found here. However, make sure to scroll down till you see the name, Richard Wyckoff. MANY other books on trading can be found here as well. Excellent source of trading material FREE online:

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Comment:

XLMUSDT (Stellar Lumens) is the pair you would trade Stellar on Binance exchange if you do not trade on Poloniex Exchange anymore like myself.

Comment:

360m TF on the left; 1440m (Daily) TF on the right.

You will notice a purple box and magenta colored box just above the candles in the price action with horizontal rays identifying price. One horizontal ray is purple (upper predicted price or the price range) and one horizontal ray is magenta (lower predicted price of the price range). The purpose of those boxes with horizontal prices is to provide a potential price range of this current move up before a decent dip.

Comment:

My bad for not paying attention to the Green line exhausted above 80% level in the 1440m TF. It was certainly maxed out in the 360m TF along with the Purple Ghost. Will pay better attention next time.

I'm not expecting us to go much lower than previous low of $0.18 cents. Certainly not much lower than blue dashed line at $0.15 cents.

The Blue LSMA in the 480m TF (below) is very close to 20% level and drawing close to a reversal. The Red Line in the 720m TF is approaching 20% level. So, we should not have too much longer before a reversal. could be another 2 or 3 days before we see that reversal.

Comment:

Take that back... could go up before BTCUSD goes up. Lets just say between 12 hours and 72 hours from now.

Comment:

I moved the vertical time line over to July 18, 2018; even though it's very possible we have reversal possibly by July 16, 2018. Also, do not be surprised if we drop just below the lower boundary of the trading range to signal a potential SPRING. We should have a nice reversal from where ever we go from this last drop down before reversal to the upside.

Here's the 2-Day TF with the vertical time line moved and the black diagonal line with arrow angled up at a bit steeper level.

Comment:

Update on Stellar/USD:

Looks like we are actually in a Wyckoff Accumulation Schematic #2. We appear to still have a lot of local support between $0.175 and $0.195.

2-Day TF "without" Accumulation #2 image imposed:

Here's a link to an image with example of Accumulation Schematic #2 imposed in bottom left corner of the 2-Day STRUSD chart:

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