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SUMMARY
Stellar Lumens (XLM/USD) has started impulsing and is headed towards $0.075 target for a potential 62% profit potential. As shown below, I believe a Cup & Handle could be overlayed. If so, target can be expected to be much higher than $0.075
Here is the XLM/BTC pair with some similarity. It clearly is executing the "Hurry Up & Wait" syndrom in that the left side impulse waves were completed in haste and now has recently completed an very deep and long correction. The overlay of a Cup & Handle pattern lends bullishness towards the 0.00003057 BTC target.
As a bonus, here is the XLM/ETH pair. The Cup & Handle looks a bit like a teenager on drugs...but still functional. The a,b,c,d,e symmetrical triangle is making a fine oversized handle formation and once the upper blue triangle line is breached, impulse waves should carry it to 0.000209 ETH target.
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
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
Follow me on Twitter for Real Time Alerts!!
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If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTS Wallet - haejin1970
BTC Wallet - 1HMFpq4tC7a2acpjD45hCT4WqPNHXcqpof
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf
Legal Mumbo Jumbo: 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.**
It seems that you are an expert of currency chart. Thanks a lot for your advice.
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Damn. Sold my issue of lumens to buy ether! Still never mind. Can’t win them all.
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Some good stuff bro keep it up!!
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Hi Haejin.
You posted TA of Lisk 10 days ago,but thinks regarding Lisk has changed.I think in short period,it will not be bulish,and maybe this extended 5th vawe is postponed.Can you please revise your TA,if you have time.
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Please Hajein do LISK. May the Lord grant you massive wealth and profits Haejin! Amen
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He is probably budist :)
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Thanks for everything, Haejin! Would you please do an analysis of NXT?
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excellent, i ve been getting xlm in mass following your laddering advice @haejin, already in gains in all my positions! YaY
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Booyah!
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Hi Haejin, what do you think of xlm slightly longer term? I got in a little while back but thought if looks good will hang on little further. Have watched your laddering video and where possible on an exchange use that principle. Thanks again, I resteem and upvote- ill found your information almost by accident on youtube its a bit like finding a lottery ticket on the street... ;)
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I wish you MAASIVE PROFITS!!
Will look at XLM longer term
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Thank you! I would profit now if I sold however get the feeling that would be bit prudent, maybe so across several coins. Seems general interest in crypto is on a trend upwards. I try to keep myself emotionally calm, knowing there will always be corrections, but if trend/TA says upwards then be patient.
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cool, pls can you analyse Qwark. Thanks
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Go back a few days, it was done recently.
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I am so grateful for your wisdom and the time you take to share it. Do you have any rules personally for how many trades you will have going at any particular time?
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great article,keep the good work
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Kabooom! XLM On the rise. Nice work Haejin!
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Cheers mate, I've just made 20% profit thanks to your analysis :)
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That's what it's all about! Making money and making friends!
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