After few months of bearish markets, finally it's time to rise Up, lumen is one of the coins that clearly shows upward movement in early stages these days, right now it's sitting on 505 Satoshies, but, the closest take profit target would be between 805 and 950, the next target that is based on resistance level is around 1280 to 1300. don't miss this golden entry...
See description on chart.
XLMBTC look bullish i have 3 first targets: TP1 - 600 TP2 - 670 TP3 - 760 TP4 - ....
Revised Chart . Volume curve in yellow corresponding to the Cup is a perfect textbook example of how it should be in a Cup and Handle (Reference- Bulkowski Pattern ) Also, double bottom forming in the handle. KABOOM! Target remains the same.
The last wave? Target 2 = 667 (around 35% profit) Target 1 = 594 (around 20% profit) Buy zone = 458-492 Cut Loss = 394 *be prepare for BCH & BTC crazy movement! (*around 20% loss)
Rising wedge it break now moving in the channel to the next fibonacci levels 61,8%
Rising wedge - reversal pattern Moving to the support line of wedge
compare $XLM with $BITB and it looks the same.. $STR just broke out.. looks like ready 4 last leg up..!
In my opinion, Lumen didn't show it's real price yet, we have 1 more wave remaining and it already passed retracement and wave correction. Just buy it between 570-640 and wait for another x2 - x3. Good luck guys !
Usually don't use EW theory but seems to fit well here.
Typical Falling Wedge Continuation Pattern. Going to the moon :) Here is a link for the news: www.coindesk.com
Elliott wave + falling wedge + fibonacci