Stellar Lumen (XLM) Needs to be Closer to the Apex
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.
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Steady your posts, knowledgeable, innovative and I like, thank you for sharing
why flag it? this is a great post. thank you @haejin
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cool gif
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A great post....much love
What do you think about this analysis?
Don't really understand
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Desde venezuela, saludos! interesante Post.
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?
I'm going to HODL this portfolio until they all finish wave 3 and then take profits (6months-1year)
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