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STR

Possible Short opportunity on STR / XLM Looks like we may have topped out around the mid 7xx level for the day on this current leg up (check my previous charts for the bigger picture). However, looks like a strong elliott wave cycle has completed and we are in for some correction. Examining the 5 minute chart, we have what appears to be a clear H&S forming. However, we need to be certain that the right shoulder completes...and be ready to short if it does. Look for the signal of the price dropping below the 646 support line, which; consequently, was the top of the cup and handle pattern that signaled bull earlier. That will confirm we are currently in the 2nd leg of a correction down. Please refer to my chart of possible price targets to look for. Further bearish sentiment is confirmed by the cross of the ichi cloud on the 15 minute chart. And we are approaching the 200ema. 1 and 4 hour rsi also look like they have healthy room for a pullback. Happy trading.
SShort
by ninjacookies
XLM / STR LONG Projection Update: Potential C & H forming Just an update to my previous long projection this morning for Stellar Lumens to hit the 1-1.1k area: there appears to be a strong cup formation developing on the 30 minute chart. Waiting to see a clear evidence of a handle, but all signs are still pointing to being very bullish: - holding above the 200 day ema - hovering above the 30 min ichi - exceptional volume...perhaps the only alt remaining strong amidst all the btc pricing chaos This is what I project to be the 3rd leg up on the corrective elliott wave which I believe will take us to the previous ATH resistance on Polo at around 84x. Then I expect a small pullback for wave 4, which will subsequently lead us to the promise land in the 1k + area. As previously stated, an anticipated sharp decline in bitcoin pricing following the fork will only help the fuel the rocket. Happy trading!
SLong
by ninjacookies
Updated XLM / STR Long/Short strategy chartLooks like we're about to break the c&h pattern that I projected earlier this morning almost to the T. Breakout of the 64x level confirms. Expect the next leg up to test resistance at the 84x level. Then pull back again before the rocket ship up to glory. Post-fork action should aid with the jet fuel. As always, pay attention to market signals, as this is just a general guide as to what I'm expecting and may change depending on the climate. Happy trading!
SLong
by ninjacookies
3
XLM / STR Headed for 1k territory (long)Chart shows a strong bounce off the 4 hour trendline (and subsequent large channel elliott wave) and a pattern reversal in what I think is another elliott wave back up to the ~1k-1100 area. Great time to enter long if you can get in around the 5xx area. Suspect it will continue to get a lot of volume this week as the price of BTC fluctuates. Has remained strong even during the BTC rise unlike it's counterpart XRP, which is promising. Of course a BTC dump will probably only strengthen it's rise as more money pours into alts.
SLong
by ninjacookies
7