Coming in with another update on XLM deriving from my work on this chart over the last couple days.
I believe that XLM will stay in my cyan trend lines (for the most part) for the remainder of the time frame it shows on, which is around here at ~$0.071-$0.0732 until May 5th 10-11:30 PM MT, before moving up into the magenta trends at around ~$0.074-$0.0782 maybe even peaking as high as $0.079 within the magenta time period starting as early as midnight May 6th, or an hour or 2 earlier potentially. After the time period of the magenta trends, I have no true indicators to tell me it will keep going up yet, if there is a breakout we could be in for a few more rounds of upward movement but my main idea is that we will see downwards movement very soon after this chart has completed its time scale.
I have had to update the placement of the region I believed XLM would go into, specifically the cyan trend lines shown above, in yesterday's chart I may have placed it too high but still in the right time frame. For this chart, I have moved it down to give a more accurate representation of the data and patterns being made during that time frame. We are currently still in the cyan region and it seems to be repeating past patterns from within the last few days, but with more variations added to its shape, and there could be a breakout variation into the magenta trend lines happening slightly sooner or later than expected. See below for accuracies and chart adjustments against my last 2 charts.
The magenta trend lines are suspected to be the last part of this repeating pattern that I've come up with. In my first chart, it was originally due to hit later and potentially higher but with yesterday's and today's data taken into consideration, I have moved the trend more to the left and slightly under original price estimates so it will be happening slightly sooner than previously expected in my opinion.
Original Forecast
Yesterday's chart:
Today's adjustment:
Thanks for tuning in :) Disclaimer, I am not responsible for any losses incurred while attempting to use my data, I hope this can prove to be some sort of learning tool for some and give insight as to how I personally come up with my own numbers. Take into full consideration this could be a completely bad forecast. Cheers
I believe that XLM will stay in my cyan trend lines (for the most part) for the remainder of the time frame it shows on, which is around here at ~$0.071-$0.0732 until May 5th 10-11:30 PM MT, before moving up into the magenta trends at around ~$0.074-$0.0782 maybe even peaking as high as $0.079 within the magenta time period starting as early as midnight May 6th, or an hour or 2 earlier potentially. After the time period of the magenta trends, I have no true indicators to tell me it will keep going up yet, if there is a breakout we could be in for a few more rounds of upward movement but my main idea is that we will see downwards movement very soon after this chart has completed its time scale.
I have had to update the placement of the region I believed XLM would go into, specifically the cyan trend lines shown above, in yesterday's chart I may have placed it too high but still in the right time frame. For this chart, I have moved it down to give a more accurate representation of the data and patterns being made during that time frame. We are currently still in the cyan region and it seems to be repeating past patterns from within the last few days, but with more variations added to its shape, and there could be a breakout variation into the magenta trend lines happening slightly sooner or later than expected. See below for accuracies and chart adjustments against my last 2 charts.
The magenta trend lines are suspected to be the last part of this repeating pattern that I've come up with. In my first chart, it was originally due to hit later and potentially higher but with yesterday's and today's data taken into consideration, I have moved the trend more to the left and slightly under original price estimates so it will be happening slightly sooner than previously expected in my opinion.
Original Forecast
Yesterday's chart:
Today's adjustment:
Thanks for tuning in :) Disclaimer, I am not responsible for any losses incurred while attempting to use my data, I hope this can prove to be some sort of learning tool for some and give insight as to how I personally come up with my own numbers. Take into full consideration this could be a completely bad forecast. Cheers
