Stellar – Ready for lift off?
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Hello,
XLM is not looking bad to me. It looks stronger and more resistant than other cryptos, because it seems that the huge correction from all-time-high is already over, which ended in march at 0.1539$. I am not 100% sure, but it’s more likely than a continuation of the correction.
So let’s take a look
It seems that the correction started at all-time-high (wave 1 superordinate) and ended as a triangle at 0.1539$ (wave 2 superordinate). Since then we probably have seen two 1-2 elliott-wave-setups.
Scenario 1
We are at the end of wave 2, so there’s a good chance to make the turn around into wave 3 of 3 of 3 – the strongest wave pattern. On the upside there are two more key resistance levels waiting for the bulls to fight.
Scenario 2
XLM is going down to the last supporting zone (at about 0.18$/0.15$) and starts rallying from there.
Scenario 3
It’s going to hell: 0.04$/0.03$).
I am thinking of buying some…
Please leave a comment or a message, if you have any questions!
If you have any other ideas, please leave a comment here!
Take care
tgo
XLM is not looking bad to me. It looks stronger and more resistant than other cryptos, because it seems that the huge correction from all-time-high is already over, which ended in march at 0.1539$. I am not 100% sure, but it’s more likely than a continuation of the correction.
So let’s take a look
It seems that the correction started at all-time-high (wave 1 superordinate) and ended as a triangle at 0.1539$ (wave 2 superordinate). Since then we probably have seen two 1-2 elliott-wave-setups.
Scenario 1
We are at the end of wave 2, so there’s a good chance to make the turn around into wave 3 of 3 of 3 – the strongest wave pattern. On the upside there are two more key resistance levels waiting for the bulls to fight.
Scenario 2
XLM is going down to the last supporting zone (at about 0.18$/0.15$) and starts rallying from there.
Scenario 3
It’s going to hell: 0.04$/0.03$).
I am thinking of buying some…
Please leave a comment or a message, if you have any questions!
If you have any other ideas, please leave a comment here!
Take care
tgo
Nota
Were we are standing now?On a very important key-level!
Let's have a closer look, to see precisely the importance of the situtation now...
The yellow boxes are the sore points where the battle is decided.
Take care,
tgo
Nota
Scenario 2 or 3 seems to be the most likely...
HK-Capital-Management
Penafian
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