SUMMARY
Stellar Lumen (XLM) is providing a potential to capture the terminal end of a correction, which is the best time to cast an entry ladder. The chart below shows XLM having completed a five wave impulse (white). Elliott Waves states that after every five wave move, there is a requisite retracement. This corrective rerace can come as an abc zigzag, abc flat, traingle or complex combination. XLM has clearly selected the triangle motive. The abcde (red) waves are shown, each with its subwaves (white). So, what's next?
The below chart shows the next potential price move (blue line). A breakout from the triangle pattern would be quite bullish, especially given how proximal price is to the Apex; the point at which the two triangle lines intersect. Closer price is to the apex, more likely a price explosion is to occur. Target for wave 5 is $0.84 (168% profit potential). Timing would be from May to July of this year.
The MACD is also expected to curl upwards and generate a buy cross and both the 12/26 ma lines should go positive above the zero mark.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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XLM and XRP should be ready to rip soon.
Stellar should go uo as one of the coin I am betting on is using stellar blockchain so it will be good for coin and for me too 😀
I know I sound mean here but I need money to buy my laptop
Honesty is rewarded.
thank you dear@suf1an
Not sure if was good idea but sold stellar to get some bitcoin private...will see if was good idea...
Interesting
Go get em lil donkey!
haha
ဘာေတြေရးေနမွန္ေတာ့ မသိဘူး။ ဒါေပမယ္ Good Job.
hi dear @nainghtookhant
hello
thank you dear /@arismikelatos
am greatfull to you for your vote
You're my favorite analyst on Steemit and otherwise
i think the ibm platform is closer then peoplerealize so price going could come sooner Time will tell Goodwork!
The price rise can always arrive sooner and they are usually explosive.
I think XLM will be skyrocketing soon! Lots of great news and IBM membership. I'm thinking $2+ By End of Year
I'm actually suprised that Stellar hasn't taken off yet. In addition to your technical analysis, there has been a fair amount of positive news this week from both the crypto space and from the traditional financial media. Your analysis looks good. Hopefully it will play out exactly as you outlined. That blue line of yours would make me very happy. :)
In due time (soon) :)
I`m waitng nervously for Stellar to take off
XLM is solid...HODLing!!!
@haejin @baejin hey not on anyone side in the mess but seeing as he upvotes himself with all his steempower to get money is that not the same as bid bots selling votes i mean they sell 200$ worth of votes and get back 200$ sbd so there voting power is not rewarding good content either ive seen some super super trash posts on the trending page because of it-- bid bots and 100% self voting will be the death of steem imo it eas designed to vote on good content and get curator rewards again on no ones side just brining up a disccusion
Most often, they lose money on bid bots. But you bring up a good point. Of course haejin adds into that problem as well. With all of his posts trending, the only way a minnow can break into that arena is to pay. This is an overall problem with steemit.
This is a perfect way to compare @jordan1219444
Does a bot differentiate between good quality and bad quality content? So exactly, what is the difference?
Good point mate.
There are several bots (i.e. smartsteem) that will only work with white-listed creators. Other bots have been talking about other ways to flag inappropriate upvote buying as well.
With so many smart developers on Steemit I am sure a long term solution will be found to get rid of spam/low quality posts. This is the growing pains of new technology/platform.
I agree.
There is none there just getting the sbd from elsewhere and making it so that we cant flag it down to make them lose money personally i think both parties are in the wrong and people should just be upvoting good content you still make alot in curator rewards and if this keeps up steem's price could drop to nothing because no one will ever make money posting only the rich selling upvotes and upvoting themselves will win
thumbs up
I like to read every post you...Upvote and follow you!
XLM is so scary it just looks like it has a lot more room to retrace
Great analysis!! +17.71% after your premonition. Good job 😊👏
@haejin @haejin I read your old article.
https://steemit.com/bitcoin/@haejin/bitshares-bts-long-term-forecast-usd342
Do you still think Bitshare can cost $ 340?
Yes! In the years to come.
Good analysis, what about dogecoin in 2018?
Hello I´m new to steemit!
To me it looks more like a descending triangle thats about to snap through support?
A bearish descending occurs at market tops and not corrective bottoms.
I just bought some xlm hope it does good this year....
XLM will do well for sure, some interesting announcements coming up soon!
$XLM is the way to go! Gotta have patience though.
will be time for Stellar to finally show it's potential :D
Congratulations @haejin, this post is the third most rewarded post (based on pending payouts) in the last 12 hours written by a Superhero or Legend account holder (accounts hold greater than 100 Mega Vests). The total number of posts by Superhero and Legend account holders during this period was 50 and the total pending payments to posts in these categories was $3865.98. To see the full list of highest paid posts across all accounts categories, click here.
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I hope they get better at marketing their product which is pretty solid IMO. Currently in terms of exchanged volume they stand quite low for a top 10 coin which is not very fair.
Stellar is one of my favorite Cryptocurrencies.
I'm going to make a video on my Dtube channel about it soon!
Good
Hope you are right. Hodling Stellar.
Hodle is a good strategy in long enough time frame.
Dear friend, I know that the error of recognition is always forgiven, but not so that you can sell your face anonymously at the price of altruism. The way you try to update patches continuously for hours is to pay a lot of attention to the many people in the community. I have been wrong and feel ashamed of it. And now I understand why you hide your face.
If you are trying to contribute for community purposes, just stop.
Hope it will rise! Still have some positions stuck there!
dear @haejin
you are very lucky man
Upvote and follow me...please!
@mulyani12131
Great idea of the invention of this XLM..but i wud like to know more on how it works nd how it can be beneficial to us
Thank you for all your hard work
I feel like XLM will start turning around in mid-March as a significant base did get cracked. Hold your XLM for at least a 20-30% profit :)
HAPPY TRADING!
Profit could be much more!
Thank's for good post.
This fucking stellar coin makes me mad.What are you guys thinking about it?