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khanhlethanh
Dec 21, 2019 12:28 PM

XLMXBT 1 day chart: is it in a 5 (impulse) wave up? Long

Lumen / BitcoinKraken

Description

Possible scenario (to be confirmed):
- Wave 1 seems to be a very ugly leading diagonal
- Wave 2 is a good looking zig zag retracement
- Upcoming waves 3, 4 and 5 are plotted based on normal impulse wave rules, however there is not sufficient data to confirm.

The pitchfork is used to have a sense of the slope, though insufficient data to confirm.
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