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CryptoMichNL
Jan 25, 2018 6:15 PM

Stellar Lumens Trading Idea 25 January 2018 

Stellar Lumens / US DollarBittrex

Description

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.
Comments
MahmoudTarhini
Is it still valid?
MahmoudTarhini
Stay behind.
xdog
my count shows three isn't finished
whoisthelorax
@xdog,

you dont think the fall from 32 cents to 13 cents constituted wave 3?
xdog
@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
xdog
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