Fib levels check out, expect a ABCD, maybe ABCDE correction
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We're still inside the triangle, the big spike up was denied quite well, forming a hanging man then a doji. MACD entered overbought area and is going down. I still expect the price to fall towards the 0.5 level
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post-crash update. BTC has dropped significantly and dragged the alts it as expected. XLM will bounce between 0.4 and 0.7 channel, as the triangle pattern no longer holds. Expect a recovery this week. Be patient. DO NOT SELL FOR A LOSS
@raducanstefan thanks for your Idea
you think when time arrive to 1.25 ?
in 22 to 25 Jan ?
raducanstefan
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@goldenmile, I can't forecast time periods. My guess is when BTC will take a big dip that will trigger alts on general to go down. I think a couple of days time, as BTC is struggling in its converging triangle pattern that will probably turn to the downside.
goldenmile
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@raducanstefan,
thanks freind
please later update your post