XLMUSDT 1D Bullish - Next cycle beginning.
Hello, first of all, I would like to admit, I was mistaken in my last XLMUSDT post, I had assumed an earlier push up but in fact it was not.
I would like to post this with Fib time extensions and Fib levels. As I have noticed it is repeating a cycle on the fib time periods. Every major level it does a new push up.
The purple line is the resistance trend line, and in this cycle it seems to have broken it. I might be off by a few days as this is isn't very accurate, but it seems that approximately +/- 3 days by March 15, 2021, the price may approach new highs (if it follows the old trends, not guaranteed).
Then it will correct down by +/- 3 days April 13, 2021.
The price levels associated are $1.00 - $1.02 around the next pump, with a retest towards $0.86, then a further push down before the next cycle around +/- 3 days by April 13,2021 towards $0.82 or the closest (but lower) Fib level.
This is a very bullish perspective, so take it with a grain of salt.
Please don't rely on this if you have your own methods, just use this as reference in addition to your own work.
I am not a professional.
I would like to post this with Fib time extensions and Fib levels. As I have noticed it is repeating a cycle on the fib time periods. Every major level it does a new push up.
The purple line is the resistance trend line, and in this cycle it seems to have broken it. I might be off by a few days as this is isn't very accurate, but it seems that approximately +/- 3 days by March 15, 2021, the price may approach new highs (if it follows the old trends, not guaranteed).
Then it will correct down by +/- 3 days April 13, 2021.
The price levels associated are $1.00 - $1.02 around the next pump, with a retest towards $0.86, then a further push down before the next cycle around +/- 3 days by April 13,2021 towards $0.82 or the closest (but lower) Fib level.
This is a very bullish perspective, so take it with a grain of salt.
Please don't rely on this if you have your own methods, just use this as reference in addition to your own work.
I am not a professional.
Commentaire:
Price has formed a harmonic pattern "M" which is a bullish pattern, and will slowly start creeping upwards now. I would expect delays in this chart, perhaps another 3-5 days.