Stellar – Ready for lift off?

Hello,

XLM is not looking bad to me. It looks stronger and more resistant than other cryptos, because it seems that the huge correction from all-time-high is already over, which ended in march at 0.1539$. I am not 100% sure, but it’s more likely than a continuation of the correction.

So let’s take a look

It seems that the correction started at all-time-high (wave 1 superordinate) and ended as a triangle at 0.1539$ (wave 2 superordinate). Since then we probably have seen two 1-2 elliott-wave-setups.

Scenario 1

We are at the end of wave 2, so there’s a good chance to make the turn around into wave 3 of 3 of 3 – the strongest wave pattern. On the upside there are two more key resistance levels waiting for the bulls to fight.

Scenario 2

XLM is going down to the last supporting zone (at about 0.18$/0.15$) and starts rallying from there.

Scenario 3

It’s going to hell: 0.04$/0.03$).

I am thinking of buying some…

Please leave a comment or a message, if you have any questions!

If you have any other ideas, please leave a comment here!

Take care
tgo

Kommentera:

Were we are standing now?
On a very important key-level!
Let's have a closer look, to see precisely the importance of the situtation now...

The yellow boxes are the sore points where the battle is decided.
Take care,
tgo

Kommentera:

Scenario 2 or 3 seems to be the most likely...