Xlm is done correcting. $.46 was old resistance when we were trading sideways for 2 months. Now it has found support there. We are also at the bottom of the pitchfork only higher up where we took off last time at $.34. The second accumulation phase was $.30- $.42. Now we have entered the 3rd accumulation phase which is $.46-$.56, only this time we will move up quicker since we are at the bottom of the pitchfork. You can draw the trend pitchfork from the $.41 high on January 7th to the low of $.34 on March 25th on a 1hr timeframe to be accurate. You will notice confluence with fib levels and you will see the tops and bottoms playing out perfectly. I will post my analysis later to show you guys. I've been killing it, trading this pitchfork. Also, $.46 was the .618 golden zone fibonacci buy zone.
FlowersFor
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XLM should not go under 0.40$
HaYoo_Market_Analysis
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eh. meh. if BTC drops under 50k, that is precisely what i would expect. but we trade for all contingencies, i'd be thrilled for things to keep going up.
jharbaugh2
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@FlowersFor, So I should buy back in the .42ish range?