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

in stellar •  2 years ago  (edited)

SUMMARY

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.

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

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

Loading...

HaejinPost6.png

  ·  2 years ago (edited)

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

What do you think about this analysis?
DQmTp35QmiCKVgYDaeNAsYPfb3J1Er92eqcxMDVSUsWTrMK.png

🐠 🐟😂

EARN MORE MONEY ON STEEMIT BY DOWNVOTING @HAEJIN VISIT @FLAGAWHALE FOR MORE DETAILS

cool gif

Profits.gif

해 진은 사기입니다

https://www.yours.org/@haejin 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?
DQmRcdqD4DhyMkb5hwHcWaUNT73m39x7ZzbyJspjV19hGE5_1680x8400.png

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.

If you do not wish to receive these messages in future, reply with the word "stop".

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?


Untitled.png

  ·  2 years ago (edited)

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

Congratulations @haejin, this post is the fifth most rewarded post (based on pending payouts) in the last 12 hours written by a Superhero or Legend account holder (accounts hold greater than 100 Mega Vests). The total number of posts by Superhero and Legend account holders during this period was 43 and the total pending payments to posts in these categories was $1795.77. To see the full list of highest paid posts across all accounts categories, click here.

If you do not wish to receive these messages in future, please reply stop to this comment.

Loading...
Loading...