Stellar Lumen (XLM) has Likely Completed the Correction with a Bull Wick
SUMMARY
Stellar Lumen (XLM) has been processing a three month long correction that took the shape of a downward pointing symmetrical triangle. Elliott Waves show that the correction could have completed with a bull wick event. Price has thus far breached the upper white line and we'll need to see a couple rounds of an impulse move up.
Closer examination of subwaves show that the first round of impulse motive might be near complete. This would be followed by an abc or another type of correction so that the second round of impulse could be initiated. The top alternate calls for a bounce and more sideways price action.
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Nothing is like information, and that is what you provide. Useful ones for that matter. Let the cryptos rise above and beyond. Thank you for
a useful content.
What's the name of this app?
Amazing, good post @haejin, your is the best,
@haejin, please follow and upvote me
좋으정보감사
I pitty those who have been buying the dips and it kept on dipping
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Not enough volume to confirm. Thoughts?
I think the large volume spike at 6k belongs to that guys that were smart enough to sell at 20k.
Very often those guys dont trade with BTC, so they didnt sell on the recent dumps.
That would explain the lack of volume to me.
But really, who knows.
Bitcoin should reach $10,600 soon. The mor BTC grows the more xlm will see higher prices.
https://steemit.com/bitcoin/@gbksa/bitcoin-should-potentially-reach-usd10-600
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The Resistance
Thank you for the information. This is one that I was looking into getting.