As you can see from chart above, XLM has just finished 3rd elliots correction wave and the trend has turned upside. Now we need to break through 0.786 fib and then slowly towards ATH.
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also, looking at the bigger picture, 5th wave is forming. https://tps://www.tradingview.com/x/NWCN3kSQ/
Last time BTC crashed ripple was hit hard and bounced hard the next day. I think that's what we're seeing with XLM. I'm shorting now. I don't expect it to reach another ATH.
philrego
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I do see what you're saying though it does seem to make that pattern. I think there's a fair chance it will happen. However I'm also looking at double top that happened in the spring that looks very similar to this.
KeyshawnEbanksa3
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So why are you short?
cryptyx
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@KeyshawnEbanksa3, I see that a lot too...happens so often I just don't know what to think about it.