Hello everyone,
XLM maybe is one of the best starters in the crypto market.
I see two scenarios in the chart…
Scenario 1 – green line, chance 60%
We have seen the bottom of the huge corrective wave 2 (blue in brackets) at 0.15 and since then XLM has built three 1-2 elliott wave setups. Now it seems that XLM is going in a stable uptrend – ideally as shown in the chart above (green line).
Scenario 2 – red line, chance 40%
Even though XLM is not looking bad at the moment, we have to keep in mind, that a final sell-off could easily surprise us. It is essential to cover all longpositions!
Take care
tgo
XLM maybe is one of the best starters in the crypto market.
I see two scenarios in the chart…
Scenario 1 – green line, chance 60%
We have seen the bottom of the huge corrective wave 2 (blue in brackets) at 0.15 and since then XLM has built three 1-2 elliott wave setups. Now it seems that XLM is going in a stable uptrend – ideally as shown in the chart above (green line).
Scenario 2 – red line, chance 40%
Even though XLM is not looking bad at the moment, we have to keep in mind, that a final sell-off could easily surprise us. It is essential to cover all longpositions!
Take care
tgo
HK-Capital-Management
