In this chart I am giving another update on XLM and where we currently stand as of 04/04/21. We have been making some good price action in the past days which I am happy to see. We saw a crossover on our MACD and our RSI is in neutral territory. We have seen launches upwards from this RSI level play out before and also drops so again, please keep an eye on volume . We do need to see volume pickup but I expect this will occur once we get confirmation above .47 cents. As always we are at Bitcoin's will as well so keep that in mind as well. I have boxed out the MACD & RSI where we began a move upwards in the past. It's not definitive BUT it is looking similar to me. As our Bollinger Band begins to widen we very well could follow the upper line until we are extremely overbought.
This is NOT financial advice and I am NOT a financial advisor. Please ensure that you do your own due diligence before making ANY investments. This market is highly volatile and regardless of skill level you could lose your investments.
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Do you think is possible that we had 4 Elliot waves from January untill now? As sentiment it looks so. If we think first wave was in January. Third one very bullish and forth with strong bearish sentiment. Maybe we just entered in the fifth wave. Nice chart as allways btw. Thanks for sharing it!
WhiteJesus
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@Mada2868, It's funny I was looking at the weekly time frame before I made this and thought the same. It is very possible but I wouldn't be able to confirm that was the pattern, or if we'll see a continuation of it, until we are through the 2nd wave again. Thanks for the comment and support, it's much appreciated.
Mada2868
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@WhiteJesus, as sentiment is quit possible. I think it match the fib aswell. I don't have enough experience to see the clear pattern. that's why I asked. Sorry if I bother you with too many questions. But I wanna learn as much as it's possible, quicker as it is possible ofc.
WhiteJesus
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@Mada2868, No you are okay. Regardless of experience level we are ALL students of the market. I will help you with whatever I know so never hesitate.