Steller lumens 700% extension in 2024

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%

Trade active

Note

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

Note

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.

Note

Half way to original forecast area.

Note

Almost there..
XLM is destroying XRP.

Note

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

Trade closed: target reached

Note

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

Greed.

without_worries

BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy

Weblink: patreon.com/withoutworries

Allow 3-6 months on ideas. Not investment advice. DYOR

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without_worries

BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy

Weblink: patreon.com/withoutworries

Allow 3-6 months on ideas. Not investment advice. DYOR

Also on: