Here's my latest XLM chart, which includes potential levels that could be hit, along with an alternative path for the 5th wave, assuming the bottom is already in on the chart.
- If wave 4 is already complete, then the wave 6 "flash crash" low would likely be higher than the chart shows.
- If wave 4 isn't complete, then the wave 6 "flash crash" would likely sweep that low, prior moving into the real breakout beginning in the month of May.
- The real breakout, the 7th wave, would likely take out the previous pattern high making a run for what could potentially become a new all-time high in XLM.
Keep in mind that the "flash crash" in April is a theory and may not come to fruition or could be off in timing. However, I do believe that the breakout will begin in May, even if the "flash crash" does not occur in mid to late April as I've theorized.
Good luck, and always use a stop loss!
- If wave 4 is already complete, then the wave 6 "flash crash" low would likely be higher than the chart shows.
- If wave 4 isn't complete, then the wave 6 "flash crash" would likely sweep that low, prior moving into the real breakout beginning in the month of May.
- The real breakout, the 7th wave, would likely take out the previous pattern high making a run for what could potentially become a new all-time high in XLM.
Keep in mind that the "flash crash" in April is a theory and may not come to fruition or could be off in timing. However, I do believe that the breakout will begin in May, even if the "flash crash" does not occur in mid to late April as I've theorized.
Good luck, and always use a stop loss!
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.