MichaelvandePoppe

Stellar Lumens Trading Idea 25 January 2018

BITTREX:XLMUSD   Lumen / Dollar (calculated by TradingView)
Lumen, made a great run up in the past weeks/month. Touched the top of the channel, expecting to calm down for now. Why? Let's see.

It's dropped out of the bullish RSI trend, it made a negative cross on the MACD (while this is turning up for now and RSI also), volume going down, finished 3th Elliott Wave , expecting to retrace to leg 4 before we'll head upwards at the end of this year again. Not buying for now.
Is it still valid?
Reply
Stay behind.
Reply
my count shows three isn't finished
Reply
@xdog,

you dont think the fall from 32 cents to 13 cents constituted wave 3?
Reply
xdog whoisthelorax
@whoisthelorax, yes, but of a lesser degree. i believe this was the top of the third of the move that started at the bottom of your two
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