XLMETH
XLM COULD MOVE, BUY THE DIPS (next 12hours)-In both BTC crashes, we see similar patterns between xlm/btc and eth/btc with respect to time...
-Eth price has come closer in tandem to xlm...
-Shitcoins (0.0001-0.10, typically traded for ETH not BTC) will be rocking after today's dip, meaning it will hold eth price down for a bit. Meaning XLM/ETH will appear to be increasing faster than normal. Meaning FOMO will be in full swing.
- Only take advantage if stellar starts to show movement and volume in the next 12 hours
- Stellar comes out of the weekend well.... it's former ICO's (mostly traded with XLM) typically do well and try for a pump on wednesdays.
My plan:
1. Buy xlm on dips over the next 12h
2. trade to the following, MOBIUS<SMARTLANDS<SUREREMIT before wednesday
3. back to xlm WED/THURS for the weekend
Good luck!
XLMETH - 5 Waves complete, Corrective A Wave underwayIt looks like XLM has completed it's 5 impulse waves up, and is now in a corrective cycle. The price has dropped below wave 3 range, which means this isn't a wave 2 or 4 corrective cycle, but we're now in Wave A of a larger corrective cycle. Given that there hasn't been a rally (Wave B) of note, I think we will see a short term rally upwards in the next day or two, followed by a further drop.
It's already touched on the 0.382 retracement line on wave A, so a further retracement to 0.5 or even 0.618 is fully on the table after it has it's rally.
Will watch closely to see how this plays out in the next couple days. Once it's finished correcting, this will likely be a very strong opportunity as it begins it's next impulse wave up.
Daily RSI still hasn't hit oversold conditions yet also, so more correction seems likely.
XLMETH Bittrex W – Wave analysisXLM might have had started a broad wave V against ETH with reversing at approx. 0.000335 level which is reversal from 0.236 level of wave III. Targets potentially can be 1.272 extension (0.00135) or 1.414 extension (0.00148) levels of wave III.
Wave II. was correction to 0.382 level of wave I. approximately.
RSI is above 60 though volume is low.
A lower timeframe trade setup may be developing and I will share my thoughts in a separate idea.
These are my personal views and analysis only – alternative wave count may exist and be identified. Please do your own research and trade carefully!
Thank you for the likes and follows!!!
Stellar (XLM) - Elliot Wave Analysis Apr 5th - Long Wave 5Looks like Wave 3 has completed, and the price is now at what appears to be a good zone for a wave 4 completion. So it should be beginning wave 5 soon. Likely not more than a 1 to 1 extension. Wave 3 was very long - longer than wave 1. So this wave could be anywhere from sub-wave 1 length to excess of wave 3. Potential range is likely 0.0006 to 0.00076. This count would invalidate if price drops below 0.000479.
Risk = 0.000514 - 0.000479 = 0.000035 ETH
Low Reward = 0.0006 - 0.000514 = 0.000086 ETH
High Reward = 0.00075 - 0.000514 = 0.000236 ETH
Low RR = 2.4
High RR = 6.5