Stellar rocketed from my last call for long linked here. It has now bounced nicely from established support. If BTC stays bull, XLM could easily see one more leg.
Elliott waves indicate possible wave 5 in progress. That big spike sure resembles a wave 3 perfectly. Wave 4 might NOT be done yet, watch the zones.
Key points to keep in mind: 1) I do expect an overall market pullback soon. 2) Right here would be a good place for a top. 3) Bitcoin still rules this Kingdom, watch him.
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My previous call for XLM long :
Also see some of my other ALT coins plots below. I plot the Big 3, Forex and Stocks as well, check my profile page.
BQX bottom (maybe)
ETH breakout:
ZRX breakout
ADA breakout
IOTA Top
DASH top
ONT top
Of course, I have had total FAILS on some plots also, not going to pretend. But my plans offer PRECISE entries, TIGHT stops, and EXACT take profits. Precision is the way of the Fib. Almost every turn happens at a Fib Line.
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Moment of truth here small retrace would be ok, but would prefer breach without any retrace
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Looks like wave 5 will NOT happen came back all the way to support, not a good sign. That support prolly will NOT hold so looking lower