What's up Traders, Investors and the unemployed Moonboy Jimmy's who buy crypto with there Stimmy's. Here is an update and a verification of my last analysis. Not much has changed except that the count is even more clear to me. We are indeed in a beautiful ascending triangle. The question im asking myself is if this is indeed a 1-2, 1-2 with wave 3 to go or is this a 5-3-5 correction to the .50 fib level. I see a bullish ABC flat correction here within the ascending triangle. There is a chance that the final C wave could correct lower to the $.27 area before going up. If that happens, make sure your ready to fill your XLM bags. Then again, there is a great chance that the the ABC flat is done already and we go up from here. I really don't see any evidence in this structure that tells me we are going down to lower levels such as $.10 or lower than our low of $.19.8. If that were the case we would have to go higher first because so far the way this is looking I don't see a correction that is finished yet that will lead us down further. Instead I see a bullish structure forming that will have us move higher. My first target is the .50 fibonacci level from our swing high of $80 to our swing low of $.198 which is around $.50. If we are indeed entering a wave 3 my target is around $.65. XLM has been moving like a Sloth and I can see people getting bored or giving up on XLM. These are the times that you accumulate for long term profits. When no one is paying attention and no one is talking about this coin makes a great buying opportunity. Xlm is one of the most undervalued crypto's in the space IMO. If Doge can hit an 89 billion dollar market cap with hardly a use case, why can't XLM hit $6 one day. $6 is my rational long term target. There will be many milestones before that and huge swings that will be tradable, where you will have great opportunities to double your XLM. First, let's see if we can break all time high's in the upcoming months. I will always do my best to keep you guys ahead of the big moves whether there bullish or bearish. Right now I'm bullish and unless I see something that changes my mind, I'm pretty confident that we have a nice move coming. This is not financial advice and you should always remember to set your stop losses. Happy trading
@KEEPITKAUAIIT, That like saying shib is going to 5..lol. I don’t know where some people get these ridiculous 1 quadrillion market cap targets. It’s always the log scalers
kilozmedia
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@mfibbs, I pray to god XLM hits $160 before Shib eveb hits $2.50, both are crazy market caps
mfibbs
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@kilozmedia, $160 was probably the most ridiculous target I ever heard of. Maybe if you get high on PCP and really love the waves and give the waves there steroids and spinach on a log scale chart, than maybe $160 could be possible in the metaverse.
A10Equity
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Hit the nail on the head, great job with the wave count. Had something similar myself :)
mfibbs
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@A10Equity, Thanks bro. I'm just hoping this drop holds and we don't enter lower lows, which will change my count.
A10Equity
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@mfibbs Possible all this sideway noise is a Big B wave and we are now starting a C wave? I do have that as an alternative count
mfibbs
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@A10Equity, I thought that also, but b waves usually don't just retrace to the .382 fib, which is why i'm calling for the .50 fib first and then a big move down or we continue up. We will have to see. The other count is a larger abc flat from wave 1 up from $19.8. Check it out. it looks like a perfect abc flat. So my wave 2 is really an A wave.
TheKnown
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no videos. not enough waves. too many surfers in the water. right amount of rambling
I thought we weren't using moonboy numbers yet we had a swing high of $80? damn i missed selling in lambo profits i guess :)
decimals my dear friend. i like $6 though. lets go there now
mfibbs
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@TheKnown, Yea, I forgot the decimal. If we love the waves enough, I think $6 is definitely possible in the far future!