Bear Flag and downtrend. Bottom at around 1850-2000 sat level.

3 de mar. de 2018

Stellar Lumen is one of my favorite project and I see a huge upside potential once the bull market kicks in. However, it has been in a long correction for past 2 months. As NicTrades has said many a times, the faster the coin rallies, slower the correction. I think we are in corrective wave 4, sub wave b to c. Point C being the bottom. Talking about the bottom, I assume that we can take the flag pole of the bear flag and put it at the last down trend like of the flag and we could get the bottom which according to me is around 2000 sat level. Again I am no pro and I am still assuming that this is a possibility. I might be wrong. Please share your thoughts.

3 de mar. de 2018

Nota

Its been consolidating between 2700-2800 sat level. It may bounce or it may drop down further. Volume is low and Stoch RSI and RSI are not showing any signs of bottom. Waiting for it to bottom and ready to buy in the dip