XLMUSD
$XLM HORIZONTAL AND CHANNEL FIBxlm is just getting warmed up and ready to take out the 2018 high of .87
after that there are plenty of low hanging targets to take out
there is no telling how high or how long stellar (xlm) will go
not financial advice
just leaving this chart here to see how many of my price targets get filled
$XLM short term downside w/ target of $1.19 to the upside?I think there still may be some shorter term downside in XLM down to $.31 range where we should see a bounce. From there I expect, at least a test of the ATH, if we break above it, price should land in the gray box.
Going into April I'm expecting a correction that could send price back to $.31-.21, then we should be bullish from May-July with a target of $1.19 to the upside.
I think price should gravitate towards the gray boxes around those dates, however, could be wrong on the exact timing. Know that each of the support and resistance lines are key levels and the dates listed key dates. So look for all the levels and dates as turning points in price action.
Elliott Wave Analysis: XLMUSD Can Be Finishing 5th WaveHello Crypto traders!
Today we will talk about cryptocurrency Stellar(XLMUSD), its price action from technical point of view and wave structure from Elliott Wave perspective.
Well, Crypto market is in a massive rally since March 2020 lows, but we can see it nearing some interesting target levels, as we see it also approaching important period.
One of them can be XLMUSD in which we are tracking the final wave 5, mainly because it's coming up out of wave 4 triangle, which actually suggest the final leg 5 before we may see bigger and deeper corrective decline.
Wave 5 can be either a five-wave impulse or ending diagonal formation, so there's room for a slightly higher levels towards 0.70 - 0.80 target area, where XLM may potentially find a temporay top.
What we want to say is to be careful at this stage, especially now when BTC is already at the new all-time highs and also within 5th wave, either ouf of wave 4 triangle or maybe as part of the wedge pattern.
Be humble and trade smart!
XLM entering an area of convergence, a monthly outlook -Support around $0.40 providing the foundation
-We could follow weekly trend slowly down, testing the yearly trend line
-Most bearish scenario of testing trend from Nov '20
-Bullish reversal of trend could lead to retest of all time high even low $0.70
xlm at decision pointAlot of people may have been scared off from the volatility over the weekend, but when you take a step back and open your eyes we can all see how healthy and aligned this movement is. Stellar had a perfect retracement to the .382 zone, reach to continue upwards. As you can see, when price hits this major .45 range, there is a price movement of 30 to 50 percent. so when time price went up there was an additional 20% more movement then there was before. If history repeats itself then we could see a leg up to 1.618 extension.
The exception is that this is void if price cant break .55