I like the setup of XLM and will be entering this coin. I have posted images because I am not sure what all will post.
Weekly Charts Analysis: I can clearly see that the Main Wave 3 on the storyline here has completed, RSI is peaked out, and the retracement has begun with lower highs and lower lows. I project that the bottom of Wave 4 will complete near the 3200 area.
Daily Charts Analysis: Looks like the Wave B of the retracement is finishing up and the candles will be turning red soon. A falling wedge pattern is forming and trade volume is decreasing showing that the momentum for price movement is slowing down as well.
4 Hour Chart Analysis: The retracement wave is very clear from this timeframe. Wave B has just completed, but what is to be seen is where the corrective wave will end. Will this be an ABC or an ABCDE Wave? That I have not determined although the falling wedge is rather long. That makes me lean more towards an ABCDE over the shorter retracement wave cycle (ABC) but time will tell what it is going to do and I will prepare accordingly. I will set 2 target entries. If both get filled then awesome! It was a good double down. If one gets filled, I am still in good shape.
Target Entry: 3200 & 2900
Bullish Wick: 2500
As mentioned in my profile bio, this is where I will be journaling my thoughts on trades and price movements. These are just ideas. This is NOT investment advice but rather a way for me to keep track of my trades and to record my thoughts and emotions on a trade to reflect on for the benefit of my psychology and charting for the future. You can follow me if you wish but please do your own due diligence when it comes to investing your own money.
FOLLOW ME BELOW
Twitter > twitter.com/thecryptonate
Blog > whynotcrypto.com
YouTube > www.youtube.com...bQ_zoxkVAPycxzg?sub_confir...
MY RECOMMENDATIONS
Favorite Exchanges >
Bittrex: whynotcrypto.com/favorites/bittrex
Binance: whynotcrypto.com/favorites/binance
Favorite Crypto Portfolio Tracking Apps >
Altpocket: whynotcrypto.com/favorites/altpocket
Bitcoin Tip Jar: 1L7HkYqjviyeLmFkrKZWZcoBWHnP19JH7u
Weekly Charts Analysis: I can clearly see that the Main Wave 3 on the storyline here has completed, RSI is peaked out, and the retracement has begun with lower highs and lower lows. I project that the bottom of Wave 4 will complete near the 3200 area.
Daily Charts Analysis: Looks like the Wave B of the retracement is finishing up and the candles will be turning red soon. A falling wedge pattern is forming and trade volume is decreasing showing that the momentum for price movement is slowing down as well.
4 Hour Chart Analysis: The retracement wave is very clear from this timeframe. Wave B has just completed, but what is to be seen is where the corrective wave will end. Will this be an ABC or an ABCDE Wave? That I have not determined although the falling wedge is rather long. That makes me lean more towards an ABCDE over the shorter retracement wave cycle (ABC) but time will tell what it is going to do and I will prepare accordingly. I will set 2 target entries. If both get filled then awesome! It was a good double down. If one gets filled, I am still in good shape.
Target Entry: 3200 & 2900
Bullish Wick: 2500
As mentioned in my profile bio, this is where I will be journaling my thoughts on trades and price movements. These are just ideas. This is NOT investment advice but rather a way for me to keep track of my trades and to record my thoughts and emotions on a trade to reflect on for the benefit of my psychology and charting for the future. You can follow me if you wish but please do your own due diligence when it comes to investing your own money.
FOLLOW ME BELOW
Twitter > twitter.com/thecryptonate
Blog > whynotcrypto.com
YouTube > www.youtube.com...bQ_zoxkVAPycxzg?sub_confir...
MY RECOMMENDATIONS
Favorite Exchanges >
Bittrex: whynotcrypto.com/favorites/bittrex
Binance: whynotcrypto.com/favorites/binance
Favorite Crypto Portfolio Tracking Apps >
Altpocket: whynotcrypto.com/favorites/altpocket
Bitcoin Tip Jar: 1L7HkYqjviyeLmFkrKZWZcoBWHnP19JH7u
Comment:
Price is still slowly drifting down despite the McAfee pump today... Patiently waiting for the price to continue to move down.
Share good things with good people.