Steller lumens 700% extension in 2024

Aug 22, 2024

On the above 10 day chart price action has corrected 90% since May 2021. Will the correction continue? Unlikely. Why?

1) Price action and RSI resistance breakouts.

2) Regular bullish divergence.

3) Bull flag confirms support on past resistance. Notice the bullish engulfing candle?

4) The forecast is made from the first impulsive move. A 2nd impulsive move from the confirmation of support will see price action print to the 70 cent area.

Is it possible price action continues to correct? Sure.
Is it probable? No.

Ww

Type: Trade
Risk: You decide
Timeframe for long: Before the end of month
Return: 70 cents / 700%

Nov 16, 2024

Trade active

Nov 18, 2024

Note

Red circle is publication price / date.
200% so far.
Not long to go now until extension forecast.

Nov 19, 2024

Note

Alternative target area discovered, $2

If you're using my overlay tools, wait for a signal to print instead of a target being accomplished.
The 10 day chart time frame is very reliable.

Nov 22, 2024

Note

Half way to original forecast area.

Nov 23, 2024

Note

Almost there..
XLM is destroying XRP.

Nov 23, 2024

Note

The original chart, 450% return so far.
Don't allow the target area to define the point profits are to be taken.

Nov 24, 2024

Trade closed: target reached

Dec 10, 2024

Note

Despite closing the trade there was still too many messages "going to $1 next buddy"

Greed.