SUMMARY
This chart of Stellar (XLM/USD) was posted on March 20th with a $0.156 as the projected bottom. This was hit pretty close and since then, price surged 195.27% to $0.467. Not too shabby!. So, what's next?
The rise in price since the 0.15 bottom has occurred in an impulse sequence (white waves). This motive is complete and since Elliott Waves states that after five waves, there is a requisite retracement. This correction is shown for now as an abcde (red) while taking a wedge pattern. However, this could morph into a standard ABC as well.
It's always the Big Picture that matters the most. The below shows that the initial five waves are actually subwaves of a higher degree wave 1 (blue) and the current correction is likely putting in the blue wave 2. What wave comes after 2? Wave 3!
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: 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.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
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Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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Honestly I bought 100k xlm long ago for around $0.003 for each, the price dumped more and more around two months after on Bittrex, then I sold them with lose.
5 months after the price of XLM went above $0.5. and that time I realized I had $50k and lost it. So just hold and hold and don't be like me to regret.
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You just need to know if coins are released on other exchanges too, so follow the news on twitter. Daneel announced to do this, Bytecoin did today, XML did already a week ago. GRS did, and I took my profit in 1 day of 200%. Also Redd did.
Tip: POWR, BAY and SC are shortly released on the European broker site.
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Great explanation, i like XLM, i think it is indeed the best crypto coin in the market for long term hold.
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Always liked a bit of Stella in my life
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I don't have this alt but it's a good time to buy some of them.
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I like that count!! HODL > XLM, BTC. Any chance of doing SPY?
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NICE CALL SIFU
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are you use upvote bots
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Hahaha 😂, well that is a good question 🙋, but the problem is that he hardly responds to people's comments. The only time i saw his reply was when someone came out to say that he was put to defame he @haejin by a rival.
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Start a happy day.
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heyy! my teacher, you are always right :) thanks for information.
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Do not rush to buy now
Yes you will climb but you have to enter from an excellent area
Follow me
Or wait for it when you go to support then buy there
look at the picture ⬇️
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somebody please tell me if i am right!!!!!!
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Hello dear ! Welcome to Steemit ! I'm a cryptocurrency trader with really good results, 70%, 258%, 300% (REAL) Feel free to join me on Steemit to get great info&way to understand & invest in the crypto world ! CQRTC.
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