Multiple prior bullish flags resulted in additional rallies. Currently we are creating another bullish flag, which may lead to another +270% to $2.70 USD (interesting numbers there).
This will only be confirmed after the breakout above the bullish flag (top dotted line).
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Please see this.. it is just as accurate today as it was in 2013. imgur.com/a/KDwtE
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This may still turn around, keep an eye on it. I've been using XLM to grow back my funds the last 12-24 hours.
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Target adjusted one week forward. We are now ready to bounce off the 4h ichimoku support cloud shoulder and begin the upward movement.
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Since we were pushed sideways for a few days I'm adjusting my target date to Feb 5th, but target amount still the same.
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Also, there's a hidden inverse head & shoulders formation in here. We are only about half way up in this current wave.
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Nearly complete on the inverse H&S +38% target listed above 4 hours ago.
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Touched the +33% target.. now for the +270% at $2.70 to come to fruition.
This rally may have been caused by Stripe announcing they've dropped Bitcoin and they are considering XLM.
@MrNarmerk, because are always against the trend. He draw it correct, but did not play within it.
Tin.Foil
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@MrNarmerk, The current market has gone through a serious and heavy downtrend/correction during the last few weeks, so this has resulted in a lot of charts not playing out as they normally would.
Stay tuned, things will start to look better soon. We may only have a few more days of this downtrend. Things have begun to move upward again across the board on all cryptocurrencies, but we're not out of the downtrend just yet. Very likely to happen here soon.
Looking over other charts, I see that XLM is slightly flat, market undecided, but appears to be leaning upward based solely on Ichimoku support. It's hard to read when things are sideways like this, but sideways is better than a downtrend. Other coins are getting close, but some are still struggling to get above the Ichimoku support clouds on 4h and 1d charts. Like I said, this will take a little time, but we will come out on top and my charts will likely start to become correct, while they may be 1-4 weeks later than normal due to the correction.
Kotzaaa
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@tin.Foil, even if they aren't always correct, one thing I love about your TA's is the level of detail you go into rather than just saying "info on the chart" or some BS.
FILOVIRUS
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@MrNarmerk, these predictions are based on technical analysis using current data and extrapolated forward. this can variable depending on interpreter and how much background information is used/analyzed. if you are so ignorant to ask such a question, you should take the time to learn and interpret the data yourself. saying he is always wrong is a naive accusation. @tin.Foil has always been a more ambitious and optimistic analyst. with that being said, crypto is anything but stable w/multiple variables changing conditions and future projections.
nozzle
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@tin.Foil a lot of people that submit TA on here overlook something I like to call "Bullish Momentum" basically which is hype surrounding a coin passed reasonable targets. I feel like XLM is destine to either blow to 2.15 or 3.45 with that in mind. what are your thoughts?
Tin.Foil
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@nozzle, I think it's entirely possible. I like XLM for what they are creating and since it's creator was one of the founders of Ripple, it has more credibility in my mind. I think someday it could surpass XRP simply for the fact that XLM is decentralized and XRP is not.
MrSteele
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I do agree. In end of January something nice will happen. So still you can buy cheap.