Hey what's up guys! Here is XLM, and what I believe to be the elliot wave count so far. This is just an idea and not financial advice.
If I'm wrong, and the triangle breaks to the downside, I would say that XLM will be going into the $.25 range. If this happens, I will
re evaluate my count and decide whether to pick up more XLM on the dip, or see if we are indeed in a trend reversal. If you decide to
go long now, make sure you set your stop loss. If it were me, I would wait for a break of the triangle with high volume and wait for a pull back.
Good luck guys!!
If I'm wrong, and the triangle breaks to the downside, I would say that XLM will be going into the $.25 range. If this happens, I will
re evaluate my count and decide whether to pick up more XLM on the dip, or see if we are indeed in a trend reversal. If you decide to
go long now, make sure you set your stop loss. If it were me, I would wait for a break of the triangle with high volume and wait for a pull back.
Good luck guys!!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.