Steller lumens 700% extension in 2024

22 de ago. de 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%

16 de nov. de 2024

Trade ativo

18 de nov. de 2024

Nota

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

19 de nov. de 2024

Nota

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.

22 de nov. de 2024

Nota

Half way to original forecast area.

23 de nov. de 2024

Nota

Almost there..
XLM is destroying XRP.

23 de nov. de 2024

Nota

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

24 de nov. de 2024

Trade fechado: objetivo atingido

10 de dez. de 2024

Nota

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

Greed.