If the BTC is about to build bullish flag before upward trend continuation, this scenario could play out for XLM. Just my thoughts, no calculation, based on analyse of behaviour in previous consolidation stage.
As the stock slaughter process the 'mighty' DOGECOIN stayes positive and down fall 40% since. Is he poised to be a new winner? Let's find out! Next step - bullish break out 200 MA.
Today's sell of wiped out woping 600% gains from the market. Let's don't forget cryptocurrency is all over bubbly. We are on the greatest financial bubble of all time.
Price battles the way out of final element of GAN FAN. As the trend line remains unbroken the price can rise and accelerate to new all time highs.
The price started to trade under 9 MA. It doesn't indicate bearish trend but it may be point of taking this what's on the table if traded from the previous pullback. As one of the scenarios, ascending channel no.2 could be created, if the asset keep rising.
The price started to trade under 9 MA. It doesn't indicate bearish trend but it may be point of taking this what's on the table if traded from the previous pullback. If the trend keep rising within the channel most likely rise could burn out on the top rant of it, as analyses shows.
Comming MA 200/MA 100/MA 20 all at one time and defending the 1Y+ trend line may say a lot about future of this comodity. The price defended 1/8 GAN fan level by far which is bullish sigh.
Price is getting closer and closer to the previous highs.
XLM is trading closer and closer to previous highs.
The price action seems to reach further GAN levels with each pump. 1st. Raches 1/2 but declines. 2nd. Reaches 1/3 but declines. 3rd. I expect reaches 1/4 but declines to most likely previous one. This system could elevate the price beetwen $1 - $1.30. Fallowing this system price eventually goes exponentially in long period of time. Highly recommend to watch...
Let's think this through. Stronger DXY will affect future price action. I'm dropping here three possibilities depends on DXY movement. Rise. Consolidation. Collapse.
The price builds symmetric trigle formation. I'm looking towards bullish break out and continuation of the rise.
He price rapms up and rapidly declines to 50% of the wave size. It started to builds reversal A,B,C-1,2,3,4,5 which likely to turn price action in to rise. This is going to be continuation of the asset growth.
We can see what the trajectory the price builds. Each time the price break in to 1/8 level next decline to the level one below. The next time it would be possible to achieve is price $1.20-$1.25.
Price has to leave the 8/1 level otherwise price likely declines and breaks down one year support trend line.
Do they have the odds on their side or they are bunch of fools ? Let's find out ! Price target $55/oz.
Leaving the channel. #1 Price accelerates and leaves the channel. #2 Price declines to 50% of the channel size and continues to rise.