Pattern Continues or it Doesn't...

19 Apr 2018

Following up on the previous chart, here's the continuation update...and it looks like it's right on schedule. From appearances, it would seem XLM stands a good chance of hitting a peak on or about 19/20 APR, just as the bi-weekly cycle tends to suggest, and a week later hit its' trough (around 27 APR). I'm assuming a pull-back to around the indicated level, based on accumulated bottoms of previous resistances and support levels. How much of a bounce it gets afterward will depend on how much determination the bulls regain after catching their breath, but I feel certain the overall movement and mood behind this swing has become positive for the near term.