From a technical perspective stellar needs to correct like almost all other altcoins. But be very cautious in these times. Mother BTC and upcoming news can always influence the price behavior and with the rumors XLM being listed at Coinbase and a active fork coming at 9th of December it's good to have a stoploss in place.
I've put the entry signal at 13,46...
It sure looks like it if you ask me!
1. Trend got stopped at the 1.618 extension fib
2. Made a head and shoulders trend reversal pattern on the top
3. Had a strong pullback after
4. And is now making an ABC correction to the upside now to get the sellers on board and to go down to the .618 fib retracement.
This is where I expect where the 5th wave will start. ...
Before we enter the long term bullrun I see a retrace incoming not to far away from now. I did mention that in me previous post. If the green 0.618 holds we see a 30% drop in price for the accumulation zone but if that fails, depending of what BTC is going to do, this level could not hold and could we see a further downward move to -75%. Be aware of that...
We're about to finish the 4-wave of the elliott wave theory when we break trend and support (purple trendline) and enter the green accumulation zone preparing for the next wave up (wave 5). This means a 30% drop in price from where we are now in the short term.
Then I expect we're going to see another massive bullrun. Targets depending on the hype in the...
Coin: Bitshares (BTS)
Trading pair: BTSUSD
Entry: $0.20 - $0.30
Target 5th wave @ $2
I counted all the subwaves in wave 1 and 3.
Fifth wave incoming. Did an ext fib retrace to come to $2 at the end. (deleted in chart)
Then did a fib retrace to show the subwaves of the fifth wave.
Bitshares is a...