XLM/ETH Bullish Elliot Wave Possabilitiy
Hello ever, I am a firm believer in XLM and have been holding a long position for quite a while. With that out of the way, I just wanted to share what I think may occur in the near future.
On the 4 hour charts, if you look carefully, you can see that we have just finished an ABCDE correction
The RSI looks good
Strong support around the support levels
Previous drops to the buy zone have been met with increased volume and buying
ABC or ABCDE bullish movement is very possible here
Watch the XLM/USD charts for breakout and longterm patterns.
Looking like a nice possible 15-30% quick profit in the short.
Finally, this is not investment advice, this chart is for my pure entertainment, you assume responsibility for all financial choices you make. Do your own research first.
I welcome all and any feedback/comments,
-Gendark2
On the 4 hour charts, if you look carefully, you can see that we have just finished an ABCDE correction
The RSI looks good
Strong support around the support levels
Previous drops to the buy zone have been met with increased volume and buying
ABC or ABCDE bullish movement is very possible here
Watch the XLM/USD charts for breakout and longterm patterns.
Looking like a nice possible 15-30% quick profit in the short.
Finally, this is not investment advice, this chart is for my pure entertainment, you assume responsibility for all financial choices you make. Do your own research first.
I welcome all and any feedback/comments,
-Gendark2
Comment:
Update, correction is not really an elliot wave correction but a breakout and movement from 0.00039 that matches up along the first RSI that I circled. However, everything else still stands as correct.