Stellar Lumen (XLM): Almost...an MACD Breakout?
SUMMARY
Elliott Waves states that news or events will arrive to justify the forecast. There is plenty of talk on Bitcoin manipulation by certain Cartels (banks/governments/nefarious entities). These are said to run a finely coordinated backroom planning to suppress Bitcoin. As a Technical Analyst, all I can say is that waves can be stretched but never controlled.
Stellar Lumen (XLM) seems to be almost there to the point of a breakout. Price is proximal to the apex. MACD is very proximal to the apex. Both have the same pattern. Does this look like a crash scenario?
Filled with the requisite subwaves; the price path could still progress laterally...but if Bitcoin (BTC) provides the lead to a breakout; the MACD for XLM could potentially go crazy bullish.
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BTC is expected to reach to a new height after september
Nobody can predict time factor :)
correct
BTC chart looks weak and will probably take another leg down
I'm sad for only understanding 40% of what you said.. lol but hey better than 0%! I'll get there, I hope. Still, cool post brah! :D
Maybe this will give you better understanding? :)
I expect it to plunge some more first and then will look for reversal:
I really appreciate it, I gather that the coin is supposed to go down first but then rise strong, but I'm really bad at this and words like "Moving Average Convergence Divergence (MACD)" are so way beyond me, it kind of makes mad! Like, "Damn these smart peoples and their smart talks!" lool I need someone to explain this stuff like I'm 5yo. Still, very interesting, thank you!
Hey @haejin your post is amazing actully your most of the post are awesome thankew for sharing the usefull post 👍😍
Your analysis is really very informative ..
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thanks for sharing technical analyst.....your post help me....thanks a lot
wow really amazing, very useful post, thanks for sharing each other
man thanks for share your complement.
what a great post sir?
I always watch well. Your analysis is very informative indeed.
I will continue to cheer for you.
Good work man. Keep it up
Thanks you