Basic setup of XLM historical price action. Elliot Impulse Wave - straight into bullish triple bottom reversal. Upward trend will have to hold if this is to play out, however recent confirmations appear bullish. Big upside potential in the case of a confirmed breakout. Mind the emphasis on confirmed breakout. Use of buy order/stop loss strategies may provide...
Moving averages color coded:
50-Day (Red)
100-Day (Yellow)
200-Day (Green)
All serving as indicators of current trends in price action. Short/Mid/Long term.
Upward rebound off of 200 day EMA a good sign for investors, reassuring belief that we are experiencing a healthy correction and will see upward movement in price action to come soon. Positive...
