My suspicion regarding Stellar (XLM/USD) trading is that we have a repeating pattern in price which may drop as low as ~$0.068 in a few hours finishing a structure over the next 18 hours (highlighted by next upcoming green trend lines.)
Then the next movement (highlighted cyan trend lines) may start around tonight May 3 8-10 PM MT and will maximize to $0.076 and finish pattern over the next 2 days after it starts ending around May 5th 10:30 PM MT.
At that point it is pure speculation if the pattern will hold but if it does, it may follow a similar pattern as the green trend lines, (highlighted newly as magenta trends.) This last spike may peak at $0.078-$0.80 maybe even as high as $0.0815 and immediately drop to $0.072-$0.074 range before completing its own pattern. This final movement could end its pattern cycle around May 7th 8 PM MT if it does happen.
I suspect that what happens starting from May 8-10th range and for multiple weeks to come will be a series of major downward movements, with small recoveries scattered in over time but swift corrections back downwards, it will be easier to tell once the first major resistance drop happens if that is what will happen, but I do not have an exact time frame or knowledge of what patterns will come after the completion of the series listed above. I just expect bloodbath of many markets which may be the first sign that we have finally entered the downtrend.
Thanks for tuning in :) Disclaimer, I am not responsible for any losses incurred while attempting to use my data, I hope this can prove to be some sort of learning tool for some and give insight as to how I personally come up with my own numbers. Take into full consideration this could be a completely bad forecast. Cheers
Then the next movement (highlighted cyan trend lines) may start around tonight May 3 8-10 PM MT and will maximize to $0.076 and finish pattern over the next 2 days after it starts ending around May 5th 10:30 PM MT.
At that point it is pure speculation if the pattern will hold but if it does, it may follow a similar pattern as the green trend lines, (highlighted newly as magenta trends.) This last spike may peak at $0.078-$0.80 maybe even as high as $0.0815 and immediately drop to $0.072-$0.074 range before completing its own pattern. This final movement could end its pattern cycle around May 7th 8 PM MT if it does happen.
I suspect that what happens starting from May 8-10th range and for multiple weeks to come will be a series of major downward movements, with small recoveries scattered in over time but swift corrections back downwards, it will be easier to tell once the first major resistance drop happens if that is what will happen, but I do not have an exact time frame or knowledge of what patterns will come after the completion of the series listed above. I just expect bloodbath of many markets which may be the first sign that we have finally entered the downtrend.
Thanks for tuning in :) Disclaimer, I am not responsible for any losses incurred while attempting to use my data, I hope this can prove to be some sort of learning tool for some and give insight as to how I personally come up with my own numbers. Take into full consideration this could be a completely bad forecast. Cheers
