XLM/USDT Elliott Wave Analysis

٢٥ يوليو ٢٠١٨

After seeing the ascending triangle forming in XLM/USDT i tried to make and EW count to determine the possible targets, the first target is if we get the height of the small triangle, points for a double top and that's it basically, the second target is if we use the height of the bigger triangle, it coincides with the 0.65 extension of wave 3 projected on 4, a very nice target to take profits, the third target is the projection of the Fibonacci tool when we go from 0 to 3, normally wave 5 hits the 0.618 target and ends the trend, besides being what bots algorithms have as targets, so it will be, most likely, a high supply area, the stop is marked on the graph.

RSI shows plenty of space to grow and is not currently overbought, lets just hope that btc does not fall.

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أغلقت الصفقة: تم الوصول للهدف

first target reached!

٢٥ يوليو ٢٠١٨

أغلقت الصفقة: تم الوصول للهدف

Second target hit!

٣١ يوليو ٢٠١٨

أغلقت الصفقة: تم الوصول لوقف الخسارة

stop reached after hitting 2 of the targets