Taking all of the conclusions I have made in the last week, here I present what could be the best interpretation for XLM yet.
After coming to this conclusion, it is not hard to see that in the future this would be looked at as the beginning.
The first 1-2 structure that will eventually lead to much higher prices and insane percentage moves to the upside.
A lot...
XLM has a lot of potential to the upside, need to break this structure that has been forming for 2 years and break above the 20 MA. Good area to accumulate touching bottom of falling wedge.
Playing this in lieu of xrp and in general if this is a bottom for risk and crypto
Upmove looks to have more juice
Bull div
Could have a LOT more juice
GRI 2023
looks like more downside for almost all coins in the space as the economy dwindles into a recession. However there is some hope for the long boys seeing as the potential is there, this coin has been around a while and is holding old support well!
In this video I comb through each individual wave and provide some perspective as to where we are in the pattern.
Towards the end I also introduce another scenario which may be unpopular with some people.
We do however need to consider all the possibilities in order to get a feeling of how much time we have left to prepare for a bottom.
I will provide updates...
This one has broke out of the defending wedge on the daily timeframe, backtested, and is starting to push back up. I’m looking at $0.11 as a strong resistance in the short-term.
I also see it may be creating the right shoulder of an inverse h&s now.
Zooming out on this chart and you can see that XLM has almost reached the apex of a massive descending wedge....
Major announcement
Many cryptocurrencies are getting removed from exchanges this year.
As those tokens get moved to other exchanges more supply is added
and if trade volume doesn't peak the assets value will decrease big time.
Bitcoin cash
Ethereum Classic
XRP
XLM
and so many more are leaving major exchanges.
Stay up to date and make sure your not buying or...
After coming full circle with all my analysis including the last Bitcoin contrarian view, I am glad to say that a bottom is in sight for XLM.
Everything is now pointing to a move up across the board.
If the charts don't confirm it, then I simply cannot change my view until there is sufficient evidence.
We are not there yet but if we are to see this last zig zag...
XLM has been on a steady downtrend since October 2022. This turning point started with the falling wedges forming. We see a consistent fall and testing support, which eventually turned into a resistance line (see. RL #2). A new resistance line forms around the $0.075 mark - which it seems to not breakthrough in the near future.
XLMUSD
The price goes into long-term accumulation, while it is not worth buying, if you buy then from the lower border of the channel
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We have an ascending channel that depends on a low for XLM of between $0.042 and $0.05 price target sometime in the 1st quarter of 2023. In 2017 we had a meteoric rise of 67k% (67,000%) from the low price of $0.0015 beginning of 2017 up to the high of $0.93 by end of 2017. If we use a fractal and use the same percentage increase for 2025 the price of XLM could...
In my last video on XLM (linked down below) I outlined the most likely scenario for the bigger picture.
What we are seeing now is Wave 3 starting to gain traction to the downside.
In this video I explain the wave count and how you could have used my last video to short this.
Now, I am not encouraging shorting, but I am giving you an example of how AW is a great...
In this video I go through 2 potential scenarios for XLM but focus on the less bearish scenario.
Afterall the same corrective pattern is contained in both wave (B) or wave 2 so either is possible.
So, let's say this is a zig-zag, that means we could potentially scoop up one lumen for .004444 in about a year or two.
We will know when we get closer because we...
