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2022年7月12日
Stellar XLM - Prepare your buy orders! + 0.618 FIB + Wedge
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XLM is very close to the 0.618 FIB retracement of the huge Impulse wave from 2020-2021.
Also the price is close to a massive horizontal support line from 2020.
I expect last wave to the downside to finish this downtrend and then I can see at least a retracement back to 0.25 USD.
As per my Elliott wave analysis - an impulse wave to the downside is almost completed as you can see.
If we take a look at the volume indicator, we can see there is absolutely no bearish pressure, which is always great to see.
On the weekly chart we can spot a falling wedge - bullish reversal pattern and the price is currently near the support line.
You can set a limit order to buy XLM at 0.0888 USD if you want to speculate on this move.
Look at my ideas about interesting altcoins in the related section down below ↓
For more ideas please hit "Like" & "Follow"!
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Bearish Trend Line
Descending Channel
Elliott Wave
Falling Wedge
Fibonacci Retracement
Inverse Head and Shoulders
STELLAR
Support and Resistance
Volume
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