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XLM CorrectionBTC seems to be taking its time in correction or retracing before making up its mind about what it wants to do. Coupled with the fact that institutional investment hasn't slowed it seems that our Bull Run has in fact been the result of institutional investing more than anything else. This means the long awaited Alt Coin Rally is still a ways off but that when it does hit, it will be driven to astronomical heights thanks to the institutional investments that began around August of last year, or perhaps earlier. What does that mean for XLM? In the short term the most reasonable price point is the previous low of .314 to have a 47% retracement to continue on the parabolic trend like it has for the previous two legs. Otherwise the next options are the Major supports at .27 and .182 respectively. Those values being 44.5% and 70% retracements respectively. These values would coincide with breakdowns with BTC movements, and previous behaviors from ATH levels of which are quite reminiscent of the 2017 rally. If that is the case then the most logical bottom for XLM is actually just over 18 cents. This could happen in a very short amount of time such as a couple weeks or about 4 months. Once that level is reached, depending of course which level, it will either go back to previous ATH at around .608 or skyrocket by a factor of 50 to $7.40. All that to say this, I am setting buy points at .32, .27 and .182 and will be adjusting them if I am awake to do so based on whatever BTC chooses to do. BTC may very well break down to the 40k range or even 20k ranges in short order, which would push XLM to the .20's and teens. Unfortunately, every ounce of price action that we can predict from XLM is 100% reliant upon the actions of BTC. So if BTC retraces and bounces back early then so will the retracement of XLM take longer. XLM must meet the .32 - .314 threshold first in order to continue its parabolic pattern, otherwise it would have done so already... beyond that is anyone's guess, and up to the BTC community to decide... What do you guys think *Not financial advice*
COINBASE:XLMUSDLong
by Sephiroth4269
16
Total Market Cap Exc Bitcoin - Key momentWe are at a pivotal moment here for the total Altcoin market cap, there are 3 resis /support bands in place, if we can hold above the purple and close above today, then this indicates a stronger bullish trend. It is decision time for the altcoin market cap, if it can break the 100 on the FIB level, this would totally be a great indication for the alts to progress much higher in the next leg up. Still waiting overall on some signals, typically carried out by one of the larger altcoins to lead the way. I've yet to see this. * Trade at your own risk, this is not financial Advise * Let me know your comments/thoughts down below.
CRYPTOCAP:TOTAL2
by TitoKnowsBest
Binance Coin// W Pattern Next?? ⏱️🧐Looking at the price action, we are currently in a descending channel. However, this is the perfect opportunity for a W formation to form, some may call it a dragon pattern. Obviously there's still a lot of time left for this pattern to form, meaning that anything can happen between now and then. However, if we have a break of this channel, then there will be a short term scalping opportunity to the next market structure. Let me know your thoughts! Check comments for a similar pattern on a previous Bitcoin analyses and also my previous BNB analysis.
by N0ST0PL0SS
1
Algorand $ALGO analysis - Lovely.Alogrand broke its downtrend and I averaged the move up and put that near the breakout which works for me plenty of times and it shows me here we can go towards 2.10-2.30 , Algorand is currently around 2.4 billion market cap which is a very low market cap. For a project like this. Fundamentals on $ALGO is A-1. I personally think this will be trading around 10-15 billion market cap this year alone. It won't surprise me if it explodes past that market cap. Algo also on the BTC chart shows even a more bullish chart. Check out our ATOM trade and CRV trade we kilt it! Links given to those. #KeepCalmAndAlgoOn
Long
by Clocktivker
1