XLM (bin: XLM/BTC) - ABC or time for 5th impulse wave up?

in #xlm • 7 years ago (edited)

In larger perspective there's no doubt - XLM is making an uptrend. Considering the double bot and volume.
Now the question is, are we correcting in ABC or continuing the uptrend?

XLM - larger perspective.png

Personally i'm trading 50% of position against support line 4590 - 4677, but in longterm definitive uptrend when support line breaks.

1h chart:
XLM 1 hour.png

From a day's perspective we might retrace 3690 - 3400 where support points and .618 fib zone lies.
If played correctly and with laddering this is a good profit opportunity.

I am by no means an expert and this is my personal opinion. Don't consider this trading advice.
Upvote, comment, feedback, etc.

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7 years ago in #xlm by
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