XLM (STELLAR ) ELLIOT WAVE ANALYSIS

empiracoinllc (46) in stellar • 7 years ago (edited)

Screen Shot 2017-10-26 at 10.22.01 PM.png

So, I was looking at XLM chart today and I noticed a trend and realized that a great entry point is soon to enter this trade.

From this Chart we can see there is 5 ascending waves starting on 10/23 and on the next side there is 3+ downward waves so we are entering the area for buy support and basement prices.

Screen Shot 2017-10-26 at 10.06.54 PM.png
Wave Starting here^

Screen Shot 2017-10-26 at 10.12.38 PM.png

We are reaching the point where I am slowly increasing my position once per 30 min to keep myself from entering all at once. Never enter all at once have multiple price points to mitigate the issues if price keeps dropping. If price keeps dropping and you buy set amounts 30 min apart you'll be able to judge your entry better and decide quicker if its better to wait or enter position.

Obviously elliot wave isn't 100% every time but it gives some indication as to the mentality of those trading stellar.

Cheers

Dante

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7 years ago by empiracoinllc (46)

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roxul (25) · 7 years ago

Prices are certainly looking quite favorable.

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minnowpond (62) · 7 years ago

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minnowpond (62) · 7 years ago

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XLM (STELLAR ) ELLIOT WAVE ANALYSIS