Entered another position with $XLM #Stellar Lumens today. Based my entry on the hidden bullish divergence, price playing out in overbought zone, testing previous support and within the .618 to .786 fib range. Risk management important as usual, stop loss placed just below previous swing low and Im prepared to adjust it depending on market conditions. If this heads...
After seeing the ascending triangle forming in XLM/USDT i tried to make and EW count to determine the possible targets, the first target is if we get the height of the small triangle, points for a double top and that's it basically, the second target is if we use the height of the bigger triangle, it coincides with the 0.65 extension of wave 3 projected on 4, a...
Ticker: XLMUSDT
Exchange: BINANCE
Mid term signal: buy
The coin started the upward movement
Now is in a stage of rollbak
There is a possibility that the price will break out the current support
But the risk-earnings ratio and the probability of growth at this point are very good
It should be remembered that the movement will often continue than interrupted
So...
So we are in an uptrend and there is a pennant. I believe this is a sign the trend will continue as a bull run to 0.45 USD max 0.50 max. After we will drop to about where the pennant ended following by two waves, which will result in another bigger pennant.
Let's see...
XLM tried to break above 0.30$ but failed to maintain...
As you can you see, after the rally, the pattern created a bull flag, but also a triangle. Still looking at which one will be valid. Right now XLM is dropping to recharge in order to hopefully go up and break through the top range of the triangle/flag. If it fails, it will break down.
Let's see how this...
XLM broke down,possible bearish wedge forming,we shall see if it breaks down or up,generally after a triangle breaks down,the price should go down,since it has been formed for a few days now,but lets see if its a fakeout and will go up...seems all relies on BTC...and if xlm gets listed on coinbase.
Timing of bounce not considered, yet points put at all FIB levels, considering I stack my buys at different % for each level. Rocket loading for the Wave 3 run?
SHORT TO MEDIUM TERM IDEAS IF BULLISH. I'M WONDERING WHEN THE ASIAN MARKET WILL WAKE UP TO THE NEWS AND SEE IF WE CAN GET A 2ND AND 3RD LEG UP WHILE BTC IS UNDECIDED.
GOOD LUCK TRADERS,
Entry and exit targets are clearly started on the chart.
BLUE: POSSIBLE ENTRY ZONE
RED: STOP LOSS LEVEL
GREEN: SELL TARGETS
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