Take this TA as a speculation as EW are difficult to be identified.
Wave 1 and Wave 2 have the correct measures (according with Fib retracement and extension), 3 and 4 have been drawn according with the EW rules, the 5th wave is a speculation as there are different rules and can be different, in any case I think if we get there I'll do another TA on that.
Please notice that according with my last TA on XLM there was a resistance breakout so at the moment, even if my EW TA is wrong we're in a breakout phase and since price is over the upper BB I suppose there might be a little retracement unless XLM starts pumping big time.
Wave 1 and Wave 2 have the correct measures (according with Fib retracement and extension), 3 and 4 have been drawn according with the EW rules, the 5th wave is a speculation as there are different rules and can be different, in any case I think if we get there I'll do another TA on that.
Please notice that according with my last TA on XLM there was a resistance breakout so at the moment, even if my EW TA is wrong we're in a breakout phase and since price is over the upper BB I suppose there might be a little retracement unless XLM starts pumping big time.
I do TA because I like and it seems at least 70% of my calls usually turn out to be true. If you wanna support me please donate some tradingview coin or check "about me"
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
I do TA because I like and it seems at least 70% of my calls usually turn out to be true. If you wanna support me please donate some tradingview coin or check "about me"
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.