Steller lumens 700% extension in 2024

2024年8月22日

On the above 10 day chart price action has corrected 90% since May 2021. Will the correction continue? Unlikely. Why?

1) Price action and RSI resistance breakouts.

2) Regular bullish divergence.

3) Bull flag confirms support on past resistance. Notice the bullish engulfing candle?

4) The forecast is made from the first impulsive move. A 2nd impulsive move from the confirmation of support will see price action print to the 70 cent area.

Is it possible price action continues to correct? Sure.
Is it probable? No.

Ww

Type: Trade
Risk: You decide
Timeframe for long: Before the end of month
Return: 70 cents / 700%

2024年11月16日

交易進行

2024年11月18日

註釋

Red circle is publication price / date.
200% so far.
Not long to go now until extension forecast.

2024年11月19日

註釋

Alternative target area discovered, $2

If you're using my overlay tools, wait for a signal to print instead of a target being accomplished.
The 10 day chart time frame is very reliable.

2024年11月22日

註釋

Half way to original forecast area.

2024年11月23日

註釋

Almost there..
XLM is destroying XRP.

2024年11月23日

註釋

The original chart, 450% return so far.
Don't allow the target area to define the point profits are to be taken.

2024年11月24日

交易結束：目標達成

2024年12月10日

註釋

Despite closing the trade there was still too many messages "going to $1 next buddy"

Greed.