XLM Stellar - In consolidation Wave 2. Wave 3 set Targets for T1 $1.75, T2 $1.98 for Up to 189% Gains.

XLM STELLAR Rips through December, now forming trend lines for supports and resistances where patterns will be established.

XLM begins with a beautiful 5 elliot wave up, completing the first primary trend. Also landing between 0.5 and 0.618 fib regions. XLM is currently consolidating and will be in consolidating mode for some time. All uptrends will be part of a corrective pattern. Until this corrective pattern finishes, a move up can then be called an impulse motive wave up part of the primary.

We see 5 waves down where wave 3 is not the shortest. The next series of candles of attempts uptrend and a critical time is if the next lower is higher.

If support is found here, a likely case is an ABCDE symmetric triangle pattern as this is the flavor of the month, following the tune of Bitcoin.

Since wave 1 and 2 are complete, long term, we can use fib extensions to set targets of 1.0 and 1.618.

Always be cautious, take high probability trades, plan entries and exits, stick to high reward low risk R:R setups. Good luck traders

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Please always remember we trade using probability and not all trades are winners. We manage our risk with stop losses and try to win over time. Those that don't understand this, and expect only to having winning trades, will always lose money over time.

The ultimate goal is to help the crypto community because I think there's a lack of these type of videos. I want to share everything I've learned because knowledge is only power if passed on. These are educational videos intended to teach how to think through thought-out rationalization.

DISCLAIMER:

I'm not a financial adviser, nor am I giving you any tips on when to buy, sell, etc. I'm simply stating my opinions and what I personally look for. Those that follow my trades blindly and don't understand risk management, will always lose over time. I manage risk differently. Not all trades are winners. We manage our risk with stop losses and win over time. Even if we've entered at a similar price, I can micro manage my risk, by shedding, adding, reducing, etc, but those calls aren't made. Therefore despite entering near the same price, I may come out well ahead while you may take a loss, even if we exit at the same price when the market goes against my call. Remember, I always profit OVER TIME, and am not focused on winning every single trade. As long as we win more than we lose over time. I want to be very clear so you understand the outcomes will always be different even if we take the same trade. I MANAGE RISK and see this game as a probability. Therefore, be forewarned.