Chart of the Day: Stellar Lumen (XLM) Update
In a previous update on Stellar I pointed out that we had a very nice triangle formed off the January high. Eventually I see Lumen crawling towards the $3.00 region. A 1-2 setup has attempted to form off the E wave low, but it is very close to not holding. If we see one more local low this setup becomes quite unlikely. And, I never trade a 1-2 setup under the .764 pull back at 21 cents. If this setup fails, I'll count XLM back in the triangle, at least until the C breaks as well, at which time, I'll expect much lower from Lumen.
Current 1-2 setup:
Alternate Triangle:
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Thanks Ryan, can I ask what verge predictions are by the end of this year? I hear profits of 1200%, not sure they are trustable.
I don't have a target by the end of the year. Long term count has $3ish for a target but there is no way it will get there in 2018, but if we can find a firm bottom, which doesn't look likely yet, we might get something for 2018
If I wanted to get the most out of my portfolio by end december 2018, which coin would you recommand?
BTW I wanted to let you know something very interesting. When you know steem has bottemed, and it didnt yer right?, the steemprice is cheap and so are the delegationprices. you could load up thens of thousands of steempower (delegated) at a cheap price. If steem then goes up high, and you sell your vote or use it to boost your own posts, you can make tens of thousands of dollars and thousands of extra steem in a month. Thats how i went from 1500 steem to 4000+ steem last dacember. I bought 15000+- steempower for 333 STEEM and price went up and especially steemdollars. I tought it was between 10-15$ for 1 steemdollar. So I upvotes my post for 8 dollar, got 3.2 steemdollaar out of it and exchanged that on the market for like 20-30 STEEM. And I could do that 10 times a day :) big smiley. So if you know steemdollar will get a boost, stock that steempower!
If you want to know more or need some calculations with 'targetprices' (then I'll need price of steem + price of steemdollar) tell me ;). Do you see steemdollar go up soon?
I hope steemcorrection doesn't last till februari.
I am legally prevented from 'recommending'. I like to keep the SEC off my back. I publish 'skew charts' on the site for subscribers so they have relative projections using Elliott Wave, which they can act on, but that's secret sauce and not fair for me to give out publicly. That wouldn't be right for the hundreds to pay for this. I hope you understand. I like to give out free content, but that has limits.
Hi @wildtrader!
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