XLM has created a POLE and it seem like it may have just broke out of it so there's 2 possibilities here
1. XLM break hook and go out of the pole and goes up to ALL TIME HIGH (1.618 FIB of first wave (9500 satoshi ish)
2. It goes back into the pole and eventually finish its retracement at the .718 FIB area and then begins to rise up to 9500 satoshi.
Im a strong believer of the option #2. I have been trading XLM and adding to my position since it was at 200 satoshi. XLM is one of my favorite coin and I see it going much higher this year. If you are HODLing then HODL but if you are looking for an entry/reentry on this coin this chart is for you. Market structure does not lie (most of the time).
If you guys want to be updated on this trade please add me on telegram!
1. XLM break hook and go out of the pole and goes up to ALL TIME HIGH (1.618 FIB of first wave (9500 satoshi ish)
2. It goes back into the pole and eventually finish its retracement at the .718 FIB area and then begins to rise up to 9500 satoshi.
Im a strong believer of the option #2. I have been trading XLM and adding to my position since it was at 200 satoshi. XLM is one of my favorite coin and I see it going much higher this year. If you are HODLing then HODL but if you are looking for an entry/reentry on this coin this chart is for you. Market structure does not lie (most of the time).
If you guys want to be updated on this trade please add me on telegram!
Comment:
Let me know what you guys think in the comment!