Lumens ( XLM
). This coin has lived up to its name after blasting through technical and psychological levels before finding resistance at a Fibonacci Extension
level of $0.93. This appears to mark the end of a prolific wave 3, and we will likely retrace at some point as we enter wave 4 of the Elliott
Impulse wave. We currently sit well above the upper bound of the KRI, and both Kovach Momentum Indicators are bullish
, which indicates it is unwise to get in the way of XLM
. Of course, as we said above, some retracement is likely as we enter wave 4, but any dip should be taken as a buying opportunity at this point.
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