Stellar Lumen (XLM) Needs to be Closer to the Apex

in stellar •  2 years ago  (edited)


Stellar Lumen (XLM) is sporting a very prominent extended 5th wave. This almost always means a deeper than expected retracement. Thus far, the chart below shows a well forming downward wedge labeled with abcde waves. However, price is a bit too far from the apex. While not the most pleasant, a lower low would enable the proximity.

The below chart is very interesting in that the subwaves of the final E wave show that wave 5 of (c) of E is in progress and almost complete. This would allow price to be closer to the Apex prior to a breakout. The MACD also is patterning out a symmetrical triangle and likely one more smaller dip to the bottom blue line will coincide with the incremental lower low in the price.

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Steady your posts, knowledgeable, innovative and I like, thank you for sharing



  ·  2 years ago (edited)

why flag it? this is a great post. thank you @haejin

What do you think about this analysis?

🐠 🐟😂


cool gif


해 진은 사기입니다 Is this your profile? he said that he's the real Haejin from Steemit I just wanted to know if it's you or is fake. if it's not your real profile, please let me know!

A great post....much love

What do you think about this analysis?

Don't really understand

Congratulations, your post received one of the top 10 most powerful upvotes in the last 12 hours. You received an upvote from @ranchorelaxo valued at 114.23 SBD, based on the pending payout at the time the data was extracted.

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Desde venezuela, saludos! interesante Post.

  ·  2 years ago (edited)

Interesting how a lot of the top 10 Market cap coins are still showing no real trend reversal signs, but TRX / XVG / BNB / ICX have all started to rebound (Or they're just forming larger corrective waves) I seem to be holding all the coins that have just rallied; I just moved into the top 10 a little more heavily weighted than I was before

What do you think about these portfolio picks?


  ·  2 years ago (edited)

I'm going to HODL this portfolio until they all finish wave 3 and then take profits (6months-1year)

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