XLM Road Map Using Parallel Lines

30 thg 10

Before explaining this chart I would like to ask whoever is looking at it to zoom in and study all data points (price reactions) touching and crossing the parallel lines. Parallelism is one of the most simple things in math that we learn in elementary school, but the impact of parallelism on human life has been underscored. By looking at the lines the first time, it may give you the impression that it’s just a useless chart with a bunch of funny lines. Just like anything else, there are inaccuracies to these parallel lines, but I have worked on them for over 100 hours to minimize inaccuracies. When you zoom into the chart and look at where price is reacting, the parallel lines start to make more sense. There are resistance and support levels going back to 2014-2015 that are still being respected by the parallel lines, so using these patterns I have tried to identify long term resistance and support levels and I’ve tried doing that by seeing where price is reacting most to the parallel lines and I have drawn them based on those price reactions since XLM was launched in 2014. I have not mentioned my price targets for this chart because it may mislead people during this period of market volatility. Another reason for not mentioning my buy and sell targets is if people study this chart for themselves and duplicate it on their screens, they may conclude different buy and sell targets, which is the advantage of this chart. It shows you where to look, but it doesn’t mislead you into buying and selling certain targets points. Another reason for not sharing my sell and buy targets is that I’m terrible at speculation, so I’ll leave it to the audience to make the decisions for themselves. Based on your knowledge of support and resistance levels, you can change the location of the parallel lines or even add more to the chart if you want to further manage your fear and greed levels.