This trade is aimed at longer term holders. The market in all crypto's has shown a very strong start to 2019 with 5 clear impulsive waves up. Thus an ABC has followed and it is extremely likely that another 5 waves up will now follow. This is possibly the best opportunity to get into crypto as XLM has nearly reached the 0.618 retracement of wave 1. The target is taken by multiplying wave 1 by 1.618 and adding this distance to the end of wave 2. The alternate count is that this will be a Zigzag (5-3-5) which still forecasts 5 more waves up.
This is not financial advice as always, and this is only for research purposes. I am not responsible for any losses you may incur. Trade safely and stick to your stop loss!
This is not financial advice as always, and this is only for research purposes. I am not responsible for any losses you may incur. Trade safely and stick to your stop loss!