Multiple of 3s corrections on XLM/BTC pair while its trying to find some solid support before the run. Eventually it will find its way down.
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Fibs 1 and 1.236 are inside the box for wave X. This one bounced earlier than the rest so it may get dumped faster. Beware.
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First target.
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Lumens are way too weak. Temporary support at the .65 retracement but it has more down trend. Potential reversal zone at 1.6k sats.
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Stellar bounced by 35%, this may be the bottom, but personaly im not convienced yet.
Arrows are a potential path according to my bias.
Arrows are a potential path according to my bias.
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This is the binance chart that i havent edited since earlier this month - if i recall correctly. Seems like both scenarios point that its close to bottom.
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Both XLM and XRP are holding, for now. They have different cycles apparently...
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Stellar seems impulsive, needs 5 waves up for confirmation of a reversal but i think its "safe" to say we wont see a lower low than point Y.
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Bounced on the 0.5 for the 4th. SMI is slowly recovering on bigger time frames, RSI too noisy to get some info, but i expect some sideways before picking up the pace.
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It should have a pull back again at 5k or 5.4k MAX.
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No further updates here since the original idea is a short, which was successful despite the comments.