leannan

Not much had change since the last few days as you all know. Thought the market is slightly gaining bullish momentum few by few, it's still not clear which Wave would likely be in play.
So, to keep it simple, here's the update of XLM for today. As always, I use The Daily Timeframe as my preferrence.
Key Observations
Price Action: The price is at 0.29974 (by the time of this writing), showing a slight increase (+2.36%) from the previous analysis. This indicates a minor bullish recovery, continuing the trend from the last update.EMAs: The price remains below the 7 EMA (0.30274), 21 EMA (0.31614), and 99 EMA (0.33748). This confirms the continuation of the bearish trend.Volume: The volume is moderate, suggesting that the buying pressure is not very strong.MACD: The MACD line is still below the signal line, but the MACD histogram is turning slightly positive, indicating a potential decrease in bearish momentum. This is consistent with the previous update.RSI: The RSI is at 45.75198, indicating neutral to slightly bearish momentum.STOCHRSI: The STOCHRSI is at 47.66406, suggesting neutral momentum.
Analysis and Interpretation
Minor Bullish Recovery Continues: The slight price increase indicates a continuation of the minor bullish recovery observed in the previous update, but the overall trend remains bearish.Continued Bearish Trend: The price remains below the key EMAs, confirming the continuation of the bearish trend.Weak Buying Pressure: The moderate volume suggests that the buying pressure is not very strong, and the recovery may be temporary.Potential Decrease in Bearish Momentum: The MACD histogram turning slightly positive continues to indicate a potential decrease in bearish momentum, but a bullish crossover is not yet confirmed.
Scenario Analysis and Trading Decisions
Both The Bearish and Bullish Scenario in this update are pretty much still the same as my previous update. Nothing really much change for The Wave Count and The Fibonacci Retracements and Extensions.
So, consider giving my Stellar Lumens XLM Elliott Update 7 yesterday to confirm and decidw your trading plan.
Well, I think, that's it for today's update, we'll wait until we have further move. Let me know if you have any questions or need further clarification in the comment below, I'll get back to you soon.
Last but not least, remember, this is not financial advise and should not be considered into one. Trading is risk, always do your own research. As always, may you alqays be happy, healthy and wealthy. Happy trading, cheers... 🍻
#WhiteHouseCryptoSummit #USJobsSlump

Hello Binancers, we're already on the 7th update of our analysis about XLM Price Movement using Elliott Wave Theory. It's been a week and I would like to thank you so much for reading my post and giving me support. It's really appreciated, thanks.
Okay, let's move on without further ado, the updated XLM/USDT using the daily timeframe chart.
Key Observations
Price Action: The price is at 0.29336 (by the time of writing this), showing a slight increase (+4.08%) from the previous analysis. This indicates a minor bullish recovery.

Whoa, whoa, whoa, as expected, the pullback is really significant, in an instance, we're swifting to bear trend again under high selling pressure. Well, it might be just a corrective wave of one two set up, or maybe not. We'll see, as of for now, let's continue our XLM Analysis with today's update as always in Daily Timeframe.
Key Observations
Price Action: The price is at 0.28237 (by this time of writing), showing a significant decrease (-19.52%) from the previous analysis. This indicates a strong bearish reversal.EMAs: The price has fallen below the 7 EMA (0.30212), 21 EMA (0.31850), and is now well below the 99 EMA (0.33879). This confirms a strong bearish trend.Volume: The volume is high, suggesting strong selling pressure.MACD: The MACD line is crossing below the signal line, indicating a bearish crossover. The MACD histogram is also turning negative, confirming increasing bearish momentum.RSI: The RSI is at 38.46102, indicating decreasing buying pressure and potential for further downside.STOCHRSI: The STOCHRSI is at 58.11924, suggesting bearish momentum.
Analysis and Interpretation
Strong Bearish Reversal: The significant price drop and the bearish indicators confirm a strong bearish reversal.Breakdown Below Key EMAs: The breakdown below the key EMAs (7, 21, and 99) is a significant bearish signal.High Selling Pressure: The high volume indicates strong selling pressure, suggesting that the bearish trend is likely to continue.Potential for Further Downside: The RSI and STOCHRSI indicate potential for further downside.
Scenario Analysis and Trading Decisions
Bullish Scenario
As of today, I still fixed on the Bullish Wave Count as long as it has no invalidation to break. The drop to 0.25231 could be the completion of a corrective wave, and the current decline could be a temporary pullback before a continuation of the bullish trend, in this case the one two set up of the upcoming Impulsive Wave 5.
Fibonacci Levels:Retracement Levels (for potential support):Based on the recent swing from 0.25231 to 0.34689:- 23.6%: 0.3248- 38.2%: 0.3103- 50.0%: 0.2996- 61.8%: 0.2889 (we're breaking this as of right now we writing this, might as well go further to 71.3% RetracementExtension Levels (for potential targets):We need to identify a clear Wave 1 to project Wave 3 targets (as of now, it's still unclear)Trading Decisions:- If you're about to enter now, long positions is still consedered, only if there is a strong bullish reversal with significant volume and a break above key resistance levels.- Stop-Loss: Place stop-loss orders below key support levels.
Bearish Scenario
The Bearish Scenarion from this time of writing will be most likely in play, considering the recent upward move could be a corrective wave within a larger downtrend, and the current decline could be the start of a new bearish wave.
Fibonacci Levels:Retracement Levels (for potential resistance):Based on the recent swing from 0.63661 to 0.25231:- 23.6%: 0.3421- 38.2%: 0.3907- 50.0%: 0.4445- 61.8%: 0.4983Extension Levels (for potential targets):We need to consider the larger corrective pattern to project Wave C targets.Trading Decisions:- In situation like this, you can consider short positions with stop-loss orders above key resistance levels.- Profit Targets: Use Fibonacci extension levels or previous support levels as potential profit targets.
Important Considerations:
Confirmation: Wait for confirmation before entering any trade. Use multiple indicators and price action analysis to validate your trading decisions.Risk Management: Always use proper risk management techniques, including stop-loss orders and position sizing.Market Sentiment: Consider the overall market sentiment and news that could affect XLM.
Well, I'm gonna wrap it up here. Remember, this is not financial advise and should not be considered into one. Always do your own research. Choose your position calmcly, trade wisely and stick to your trading plan. Patience is the key to achieve your goal.
Last but not least, as always, may you always be happy, healthy and wealthy. Let me know if you have any questions or need further clarification on the comment below, I'll get back to you soon. Happy Trading and Huge Profit for you, cheers... 🍻
#USTariffs

As you already knew, trading is risky but also profitable as of investing will always gives us a consistent profit. Sticking to our trading plan and strategy is crucial and patience is the key to achieve such a beautiful moment. Like wise, here we are, in our cryptocurrency journey, there's no such thing as certain, but we can be certain of what we were planning to achieve.
So, let's continue our analysis for XLM now, here with my 5th update of XLM Elliott Wave Theory. In case you missed out, consider re-visit my old article about this analysis so you will know the accuracy of this post. Also, consider giving me a Lile, Share and Follow, that's a big help for me.
Okay, no more waste words, as always, I use Daily Timeframe for my analysis, so, let's move on!
Key Observations
Price Action: The price is at 0.34689 (by the time of this writing), showing a significant increase (+11.11%) from the previous analysis. This confirms the strong bullish momentum we observed earlier.EMAs: The price has broken above the 25 EMA (0.33098) and is now approaching the 99 EMA (0.34104). This is a significant development, indicating a potential shift in the medium-term trend.Volume: The volume is relatively high, suggesting strong buying pressure.MACD: The MACD line is above the signal line, and the MACD histogram is positive, confirming bullish momentum.RSI: The RSI is at 68.70614, approaching overbought conditions.STOCHRSI: The STOCHRSI is at 92.43562, indicating overbought conditions.
Analysis and Interpretation
Strong Bullish Momentum: The price action, volume, and indicators confirm strong bullish momentum.Breakout Above 25 EMA: The break above the 25 EMA is a significant bullish signal.Approaching 99 EMA: The price is now approaching the 99 EMA (0.34104), which could act as a strong resistance level.Overbought Conditions: The RSI and STOCHRSI indicate overbought conditions, suggesting that a pullback or consolidation is possible in the short term.
Scenario Analysis and Trading Decisions
Bullish Scenario
Wave Count: The drop to 0.25231 could be the completion of a corrective wave, and the current upward move could be the start of an impulse wave.Fibonacci Levels:Retracement Levels (for potential pullbacks):Based on the recent swing from 0.25231 to 0.34689:- 23.6%: 0.3248- 38.2%: 0.3103- 50.0%: 0.2996- 61.8%: 0.2889Extension Levels (for potential targets):If we consider the move from 0.25231 to 0.34689 as a potential Wave 1 (we still use this assumption wave as of it's not clear enough), we can project Wave 3 targets:- 161.8%: 0.3995- 261.8%: 0.4502- 423.6%: 0.5367Trading Decisions:- Long Positions: You can open a long positions with tight stop-loss orders below the recent low (0.25231) or the 25 EMA (0.33098).- Profit Targets: Use the Fibonacci extension levels above as potential profit targets.
Bearish Scenario
Wave Count: The current upward move could be a corrective wave within a larger downtrend (Extended Wave C as we talked about in all of my old article).Fibonacci Levels:Retracement Levels (for potential resistance):Based on the recent swing from 0.63661 to 0.25231:- 23.6%: 0.3421- 38.2%: 0.3907- 50.0%: 0.4445- 61.8%: 0.4983Extension Levels (for potential targets):We need to consider the larger corrective pattern to project Wave C target (around 0.17 to 0.18 see my recent article).Trading Decisions:- Short Positions: If you want, you can also consider a short positions if the price fails to break above the 99 EMA (0.34104) and the MACD and RSI turn bearish.- Stop-Loss: Place stop-loss orders above key resistance levels.
Always wait for confirmation before entering any trade. Use multiple indicators and price action analysis to validate your trading decisions and always use proper risk management techniques, including stop-loss orders and position sizing.
Consider the overall market sentiment and news that could affect XLM as we're moving rorward, always monitor the Price Action. Closely observe the price action around the 99 EMA (0.34104). Pay attention to the volume during any potential breakout or breakdown.
If you already sure about all of it, plan your trade and pick one of the pair below and start trading. Waste no more time and let your money work for you!
I'm gonna end today's post here. Last but not least, may you always be happy, healthy and wealthy. As always, remember that this is not financial advise and should not be considered into one. Always do your own research. Let me know if you have any questions or need further clarification on the comment bellow, I'll make sure to get back to you soon. Happy Trading and Huge Profit for you. Cheers... 🍻
#USCryptoReserve

Sumplicity is shopisticated. That one quote that I really like and has a deeper meaning to all of psychological human can interpert. Let's move on right away as you all know it's time for my XLM Update.
Key Observations
Price Action: The price is at 0.31433 (by this time of writing), showing a significant increase (+10.16%) from my update yesterday. This indicates strong bullish momentum.EMAs: The price has moved above the 7 EMA (0.30506) but is still below the 25 EMA (0.32684) and 99 EMA (0.34019). This suggests a potential short-term bullish trend, but the longer-term trend remains uncertain.Volume: The volume is moderate, indicating that the buying pressure is decent but not overwhelming.MACD: The MACD line is crossing above the signal line, suggesting a potential bullish crossover. The MACD histogram is also turning positive, indicating increasing bullish momentum.RSI: The RSI is at 55.12874, indicating increasing buying pressure but not yet in the overbought territory.STOCHRSI: The STOCHRSI is at 61.09488, suggesting bullish momentum but also indicating that the asset is approaching overbought conditions.
As you have kmown of you were following my update, I used those indicators above as my analysis tools. So, in case you missed out, cpnsider giving a read to my recent update. Also, consider giving me a Like, Share and Follow My Profile. That's a big help, thanks. Let's continue!
Analysis and Interpretation
Bullish Momentum: The significant price increase and the bullish MACD crossover indicate strong bullish momentum in the short term.Potential Resistance: The price is approaching the 25 EMA (0.32684), which could act as a significant resistance level. A break above this level would confirm a stronger bullish trend.Short-Term vs. Long-Term: While the short-term trend appears bullish, the price is still below the 99 EMA, indicating that the long-term trend remains uncertain.Potential Pullback: The STOCHRSI approaching overbought conditions suggests that a pullback is possible in the short term.
Scenario Analysis and Trading Decisions
Bullish Scenario:
Wave Count: The drop to 0.25231 could be the completion of a corrective wave, and the current upward move could be the start of an impulse wave.Fibonacci Levels:- Retracement Levels (for potential pullbacks): * Based on the recent swing from 0.25231 to 0.31433: • 23.6%: 0.2996 • 38.2%: 0.2910 • 50.0%: 0.2838 • 61.8%: 0.2766- Extension Levels (for potential targets): * If we consider the move from 0.25231 to 0.31433 as a potential Wave 1, we can project Wave 3 targets: • 161.8%: 0.3541 • 261.8%: 0.3926 • 423.6%: 0.4560Trading Decisions:- Long Positions: Consider long positions with tight stop-loss orders below the recent low (0.25231) or the 7 EMA (0.30506).- Profit Targets: Use the Fibonacci extension levels as potential profit targets.
Bearish Scenario:
Wave Count: The current upward move could be a corrective wave within a larger downtrend.Fibonacci Levels:- Retracement Levels (for potential resistance): * Based on the recent swing from 0.63661 to 0.25231: • 23.6%: 0.3421 • 38.2%: 0.3907 • 50.0%: 0.4445 • 61.8%: 0.4983- Extension Levels (for potential targets): * We need to consider the larger corrective pattern to project Wave C targets.Trading Decisions:- Short Positions: Consider short positions if the price fails to break above the 25 EMA (0.32684) and the MACD and RSI turn bearish.- Stop-Loss: Place stop-loss orders above key resistance levels.
Well, as always, choose your position calmly, trade wisely and always stick to your trading plan. Investing is always be profitable as long as you can wait and be patience. Always wait for confirmation before entering any trade. Use multiple indicators and price action analysis to validate your trading decisions. Use proper risk management techniques, including stop-loss orders and position sizing and consider the overall market sentiment and news that could affect XLM.
Let me warp it up here, cosely observe the price action around the 25 EMA (0.32684) and pay attention to the volume during any potential breakout or breakdown.
So, wait no further and choose one this pair below and click trade. Let your money work for you.
Let me know if you have any questions or need further clarification in the comment below, I'll make sure to get back to you as soon as possible. Remember again, this is not financial advise and should not be considered into one. This is pure speculative and just assumption of what I feel is right based on the knowledge I know. Trading is risky so be cautions. As always, may you always be happy, healthy and wealthy. Happy trading ang huge profit for you. Cheer... 🍻
#BTCRebundsBack

Hello Binancer...
Me again here as well as the new update about my analysis. I skipped the update yesterday and just posted a short post about Bitcoin, but now, I'm at it again.
So, without further ado, let's continue our analysis for the XLM price movement that we had before in my recent post and since my target reach, we can continue this again. Let's break into it!
Price Action Summary
Before we begin, let's fresh the detail out first!
High: 0.63661 (Latest High)
Drop 1: 0.63661 to 0.31232 (December 18, 2024)

Hello again Fellas, okay let's continue the update about Stellar Lumens we have since yesterday. Sorry, it was a bit late for me to update it, but here I am. So, the daily timeframe for XLM hasn't shown significant changes since yesterday, confirming the continuation of the previously observed trends. Let's analyze what we see and how it aligns with my previous update.
Key Observations (Daily Timeframe - Continued)
Price Action: The price remains in a downtrend, currently at 0.29017, a slight decrease from yesterday. This reinforces the bearish momentum.EMAs: The price is still below all three EMAs (7, 25, and 99), and the EMAs maintain their downward slope. This indicates a consistent downtrend.Volume: The volume remains moderate, suggesting steady selling pressure.MACD: The MACD is still negative (-0.00227), and the MACD line is below the signal line, confirming the bearish trend.RSI: The RSI values (26.94297 and 33.08390) are still low, indicating oversold conditions.STOCHRSI: The STOCHRSI is at 4.12738, remaining in the oversold territory.
Analysis and Continuation from Previous Update
Bearish Trend Confirmation: The continued price action and indicator readings confirm the ongoing bearish trend. This aligns with the analysis of a potential Wave C within a larger corrective pattern in my previous update.Oversold Conditions: The oversold RSI and STOCHRSI suggest that a short-term bounce is still possible, but the overall trend remains bearish.Potential Support Levels: The 100% Retracement from ATH around 0.255 and The Fibonacci Retracement levels I wrote yesterday (0.1878 if 0.255 won't hold) remain relevant as potential support levels. The current price is hovering around the 0.2903 level, which could act as a temporary support.
Trading Decisions (Continued)
Bearish Scenario Remains Dominant: The bearish scenario remains the most likely outcome based on the current price action and indicator readings.Short Positions: Continue to consider short positions if the price breaks below the current support level (0.2903) or other key support levels.Potential Profit Targets: Use the Fibonacci retracement levels as potential profit targets for short positions.Stop-Loss: Place stop-loss orders above recent highs or key resistance levels to manage risk.Short-Term Bounce Potential: While the overall trend is bearish, be aware of the potential for a short-term bounce due to oversold conditions. If entering a counter-trend long position, use tight stop-loss orders and take profits quickly.
Important Considerations
Confirmation: Always wait for confirmation before entering any trade. Use multiple indicators and price action analysis to validate your trading decisions.Risk Management: Always use proper risk management techniques, including stop-loss orders and position sizing.Market Sentiment: Continue to monitor the overall market sentiment and news that could affect XLM.
I always told you those points in The Important Consideration because Trading is really risky, you can consoder it as gambling and/or as investment. Back to last, overall, in summary, the daily timeframe continues to show a consistent bearish trend with oversold conditions. The bearish scenario remains dominant, but be aware of the potential for a short-term bounce.
Now, pick one of this pair and start trading, waste no time and let your money work for you!
Well, that's the update for today, nothing is really new actually, considering that what the price showed my eyes. But as always, remember that this is not financial advise and should not be taken into one. Always do your own research, choose your position calmly and trade wisely. Stick to your trading plan and be patience.
Last but not least, may you have huge profit from your trade and may you always be happy, healthy and wealthy. Happy Trading, cheers... 🍻
#StellarAnalysis

Market seems bearish for now, we all see most red in The Cryptocurrency's Market while there're also Coins that showed significant gain. As well as our beloved Stellar, after moving sideways for few days, we see the price is making a downturn progress to beat the last swing low on The Daily Timeframe.
Alright, when we already analyzed XLM on the 3 Days Timeframe yesterday, as well as a little explanation about the theory and what's on my mind (read my Article yesterday if you haven't, so youxll know the point and where we are on), and now, let's dive into the updated XLM/USDT chart on the daily timeframe and see what insights we can glean on. I use The Daily Timeframe to dive into more of a local wave count and the diferrence of the price changes. Let's get into it!
Key Observations of The Daily Timeframe
Price Action: The price has continued its downward trend, currently sitting at 0.29253 (by the time of this writing). This confirms the bearish momentum we were discussing in the 3-day timeframe analysis.EMAs: The price is below all three EMAs (7, 25, and 99), reinforcing the bearish sentiment. The EMAs are also showing a clear downward slope, indicating a strong downtrend.Volume: The volume bars are relatively moderate, suggesting that the selling pressure is consistent but not necessarily overwhelming.MACD: The MACD is negative (-0.00155) and the MACD line is below the signal line, confirming the bearish momentum.RSI: The RSI values (24.07610 and 32.50072) are low, indicating that the asset is oversold. This could suggest that a temporary bounce or consolidation is possible in the short term.STOCHRSI: The STOCHRSI is at 0.00000, indicating that the asset is deeply oversold. This further supports the possibility of a short-term bounce or consolidation.
Connecting The Daily to The 3-Day Analysis
Confirmation of Bearish Trend: The daily chart confirms the bearish trend we observed in the 3-day timeframe. The price continues to move lower, reinforcing the potential Wave C scenario we discussed.Potential for Short-Term Bounce: While the overall trend is bearish, the oversold readings on the RSI and STOCHRSI suggest that a short-term bounce or consolidation is possible. This aligns with the potential Fibonacci retracement levels we identified in the bearish scenario, where the price might find temporary support.
Scenario Analysis and Trading Decisions
Bearish Scenario (Continued)
Confirmation: The daily timeframe strongly supports the bearish scenario. The price action, EMAs, MACD, and RSI all point to continued downward momentum.Potential Entry Points for Short Positions: If the price continues to break below recent support levels, around 0.262, it could present opportunities for short positions, aim for 0.25 for the 100% retracement from the ATH for the C legs as I told you in many of posts before. If it holds, the we can consider the price will might be aiming for the 3rd Wave or the 5th Wave up. If it doesn't hold, read the next point.Potential Profit Targets: Use the Fibonacci retracement levels we discussed in the bearish scenario (which is 0.1878 left) as potential profit targets in C legs Bearish Scenario.Stop-Loss: Place stop-loss orders above recent highs or key resistance levels to manage risk.
Potential Short-Term Bounce Scenario
Oversold Indicators: The oversold RSI and STOCHRSI suggest a possible short-term bounce.Potential Entry Points for Long Positions (Counter-Trend): If the price shows signs of strength and breaks above a minor resistance level, it could present an opportunity for a short-term long position.Potential Profit Targets: Use minor resistance levels or Fibonacci retracement levels as potential profit targets for a counter-trend trade.Stop-Loss: Place stop-loss orders below recent lows or key support levels to manage risk.
Potential Long-Term Bullish Scenario (3rd/5th Wave)
Yesterday, we discussed the possibility that the initial surge from the 0.0757 low to the 0.6374 high could be the beginning of a larger impulse wave. We explored two potential bullish scenarios:
Scenario 1: Wave 1 Completion: The 0.6374 high was Wave 1, and the current decline is Wave 2. If this is the case, a substantial Wave 3 would follow, pushing the price significantly higher.Scenario 2: Wave 3 Completion: The 0.6374 high was Wave 3, and the current decline is Wave 4. In this case, a Wave 5 would follow, reaching new highs.
Factors Supporting the Potential Long-Term Bullish Scenario
Initial Surge: The sharp and significant upward move from the 0.0757 low indicates strong buying interest and potential accumulation.Fibonacci Extension Targets: If the 0.6374 high was Wave 3, we calculated potential Wave 5 targets around 1.5462, 2.1079, and 3.0168. These suggest significant upside potential.Long-Term Trend Reversal: If the current decline is a corrective Wave 2 or 4, it could set the stage for a major long-term trend reversal.
Challenges to the Long-Term Bullish Scenario
Current Bearish Momentum: The daily timeframe clearly shows bearish momentum, with the price below all EMAs and negative MACD.Potential Wave C: The current decline could be a Wave C within a larger corrective pattern, which would invalidate the bullish scenario. Even of this is the case, we'll see most common that after Wave C, the starting impulse of another bullish continuation.Market Sentiment: The overall cryptocurrency market sentiment can significantly impact XLM's price action.
Conditions for the Long-Term Bullish Scenario to Play Out
For the long-term bullish scenario to materialize, we would need to see:
Strong Bullish Reversal: The price needs to show a clear and decisive bullish reversal, breaking above key resistance levels and EMAs.Increased Volume: The volume should increase significantly during the upward move, confirming strong buying pressure.Bullish MACD Crossover: The MACD line should cross above the signal line, indicating a shift in momentum.RSI and STOCHRSI Breakout: The RSI and STOCHRSI should break above their respective overbought levels.Confirmation on Higher Timeframes: The 3-day and weekly timeframes should confirm the bullish reversal.
Trading Decisions for the Long-Term Bullish Scenario
Patience: It's crucial to be patient and wait for confirmation of the bullish reversal.Entry Points: Potential entry points for long positions would be after the price breaks above key resistance levels and EMAs, with confirmation from other indicators.Stop-Loss: Place stop-loss orders below key support levels to manage risk.Profit Targets: Use Fibonacci extension levels as potential profit targets.
Important Considerations
Risk Management: Always use proper risk management techniques, including stop-loss orders and position sizing.Market Conditions: Consider the overall market sentiment and news that could affect XLM.Adjustments: Be prepared to adjust your analysis as new price action emerges.
In summary, while the current daily timeframe shows bearish momentum, the potential for a long-term bullish scenario remains. However, it's crucial to wait for confirmation of a bullish reversal and use proper risk management techniques and as I told you that if we have enough margin with 0 liquidation and the ability to use Martingale Strategy, you can start entering a Long Position from this point or set a limit order for Long Position around 0.255/0.25 in order to hope for the potential bullish scenario of the 3rd/5th impulsive wave within this theory.
Trade now and waste no time to make money, choose your pairs below and click trade:
Well Fellas, last but not least, remember that this is not financial advise and should not be take into one. Trading is risky and you should always do your own research before. As always, choose your position calmly, trade wisely and stick to your trading plan. Discipline and patience is the key cause there's always be opportunity. I hope you always be happy, healthy and wealthy and may you have huge profit. Happy Trading and Cheers... 🍻
#PriceTrendAnalysis #OnChainInsghts

I finally got the time to write down this analysis that's on my head since my first post for Stellar Lumens (XLM) possible Bullish and Bearish Scenario. As I told you in my recent posts that I'm too lazy to draw the line for you, so, today I'll write down everything and try to explain it using words only.
Before we begin this long Article, make sure you read it carefully till the end to fully understanding the point and using it as one of your potential trading strategy. I would also be much appreciated if you could consider to Follow my Binance Square, Like and Share this Article. So, without further ado, let's start by understanding Elliott Wave Theory in a simple word first.
Eliott Wave Theory in Simple Word
Eliott Wave Theory suggests that market prices move in repetitive patterns called waves, driven by investor psychology. These patterns consist of:
Impulse Waves (1, 3, 5, A, C): Move in the direction of the main trend, consisting of five sub-waves.Corrective Waves (2, 4, B): Move against the main trend, consisting of three sub-waves (A, B, C).
Just like that, you can search on Google for the more explanation about it, let's move on to XLM now.
Analyzing The XLM/USDT Chart
I usually used the 4 hours, Daily and 3 Days timeframe to set up my analysis. So, in 3 Days timeframe chart, here's a breakdown of the potential Elliott Wave counts:
Potential Impulse Wave Up (Early Stage):
The significant upward spike from the lower levels could be the start of a new impulse wave (possibly wave 1).The subsequent decline could be a corrective wave (wave 2).If this is the case, we should expect a strong wave 3 to follow, pushing the price significantly higher.
Potential Corrective Wave Down (Ongoing):
Alternatively, the upward spike could be a corrective wave (B) after a prior decline (A).The current decline could be the start of a wave C, which would complete a larger corrective pattern.In this scenario, we should expect the price to continue falling.

Indicators and Confirmation
To help confirm which scenario is more likely, let's look at the indicators. I use 3 Days Timeframe Chart and this indicators is based on the chart by the time of this writing. Here's it:
EMA (Exponential Moving Averages):
The price is currently below all three EMAs (7, 25, 99), indicating a potential downtrend.However, if the price breaks above these EMAs, it could signal a bullish reversal.
MACD (Moving Average Convergence Divergence):
The MACD is negative (-0.0169), suggesting bearish momentum.If the MACD line crosses above the signal line, it could indicate a bullish shift.
RSI (Relative Strength Index):
The RSI values (25.1919 and 41.6995) are relatively low, indicating that the asset may be oversold.A move above 50 on the RSI could signal increasing bullish momentum.
STOCHRSI (Stochastic RSI):
The STOCHRSI values (11.0683) also indicate that the asset may be oversold.
Now that we have those indicators, let's make 2 possible scenario.

Scenario Analysis and Trading Decisions
Scenario 1: Impulse Wave Up (Long)
Entry: Wait for confirmation of a wave 3. This could be a break above the recent high and the EMAs, accompanied by a bullish MACD crossover and a rising RSI.Stop Loss: Place the stop loss below the potential wave 2 low to protect against further downside.Target: Project potential wave 3 targets using Fibonacci extensions based on the wave 1 and 2 measurements.
Scenario 2: Corrective Wave Down (Short)
Entry: If the price continues to decline and breaks below recent support levels, consider a short position.Stop Loss: Place the stop loss above a recent high to protect against a potential reversal.Target: Project potential wave C targets using Fibonacci extensions based on the wave A and B measurements.
Fibonacci Retracements
Alright, now that we have speculated the potential move of XLM using Eliott's and used some indicators as well as the possible scenario. Let's pinpoint The Key Levels and the potential of The Fibonacci Retracement zones based on it.
Key Levels
Resistance (Recent High): The recent high point around 0.6374 is a crucial resistance level. A break above this level could signal a potential bullish reversal and the start of an impulse wave up.Support (Recent Low): The recent low point around 0.0757 is a critical support level. A break below this level could indicate a continuation of the corrective wave down.Current Price: The current price of 0.3013 is a significant level to watch. If the price can hold above this level, it could indicate potential bullish momentum.
Fibonacci Retracement Levels
To determine potential retracement levels, we need to consider the recent significant price swing. Let's assume the recent upward spike from 0.0757 to 0.6374 is a potential wave 1 or a corrective wave B.
If the upward spike is a wave 1:
23.6% Retracement: Approximately 0.504238.2% Retracement: Approximately 0.421650% Retracement: Approximately 0.356561.8% Retracement: Approximately 0.291478.6% Retracement: Approximately 0.1878
If the upward spike is a corrective wave B:
These same levels would apply, but they would represent potential targets for a wave C decline.
Applying Fibonacci in This Context
Potential Wave 2 Retracement: If the upward spike is wave 1, the current decline could be wave 2. We'd watch for the price to find support at one of the Fibonacci retracement levels (particularly the 61.8% or 78.6%) before potentially resuming the uptrend.Potential Wave C Target: If the upward spike is wave B, the current decline could be wave C. We'd watch for the price to reach one of the Fibonacci retracement levels as a potential target for the completion of the corrective wave.
Possible Assumptions
Assumptions 1
Potential Wave 1: Let's assume the significant upward spike from approximately 0.0757 to 0.6374 is our potential Wave 1.Potential Wave 2: The current decline from 0.6374 to 0.3013 is our potential Wave 2.
Okay, now let's calculating Fibonacci Retracement Levels for Wave 3, I did it for you!
We'll use the Fibonacci Extension tool to project potential Wave 3 targets based on the length of Wave 1 and the retracement of Wave 2.
Measure Wave 1:
Wave 1 low: 0.0757Wave 1 high: 0.6374
Measure Wave 2 Retracement:
Wave 2 low: 0.3013
Now, we'll use these values to calculate the Fibonacci Extension levels:
161.8% Extension (Common Wave 3 Target - Most Likely):- Wave 3 Target = Wave 1 Length 1.618 + Wave 2 Low- Wave 3 Target = (0.6374 - 0.0757) 1.618 + 0.3013- Wave 3 Target ≈ 1.2000261.8% Extension (Strong Wave 3 Target - Rare):- Wave 3 Target = Wave 1 Length 2.618 + Wave 2 Low- Wave 3 Target = (0.6374 - 0.0757) 2.618 + 0.3013- Wave 3 Target ≈ 1.8400423.6% Extension (Extended Wave 3 Target - Extremely Rare):- Wave 3 Target = Wave 1 Length 4.236 + Wave 2 Low- Wave 3 Target = (0.6374 - 0.0757) 4.236 + 0.3013- Wave 3 Target ≈ 2.7600
Key Fibonacci Extension Levels for Wave 3 (Bullish Scenario):
161.8%: Approximately 1.2000261.8%: Approximately 1.8400423.6%: Approximately 2.7600
Assumption 2
Wave 1: We'll still use the initial impulse from 0.0757 to 0.6374 as Wave 1.Wave 3: We're now assuming the recent high of 0.6374 is the completion of Wave 3.
In this assumption, we have this summary as a result:
Potential Wave 4 Retracement Levels:
23.6%: 0.504838.2%: 0.422850.0%: 0.356561.8%: 0.2903 (we're in this zone for now)
Potential Wave 5 Extension Levels:
161.8%: 1.5462 (most likely we're going this way)261.8%: 2.1079423.6%: 3.0168
Assumption 3
The Bearish Scenario
In a bearish scenario, we're considering the possibility that the recent upward move was a corrective wave (likely a Wave B) within a larger downtrend. This means the current decline could be the start of a Wave C, which would likely push the price lower.
Identifying Key Levels for Fibonacci Retracement
For a bearish scenario, we'll focus on the retracement of the recent upward move (assuming it's a Wave B). We'll use the Fibonacci Retracement tool to find potential support levels where the Wave C decline might find a temporary bottom or pause.
High of Wave B: 0.6374 (Recent High)Low of Wave A or Start of Wave B: 0.0757 (Recent Low)
Now, we'll calculate the Fibonacci Retracement levels based on these points. Common retracement levels are:
23.6% Retracement: Approximately 0.504838.2% Retracement: Approximately 0.422850.0% Retracement: Approximately 0.356561.8% Retracement: Approximately 0.290378.6% Retracement: Approximately 0.1878Extended Retracement can also be happen which will drive us to 80%-90%drop.
Well, hope you're still here to read this long article till the end. Finally, I have a few important things for you to consider:
Wave Validation: Ensure that the wave count is valid before relying on these levels.Market Conditions: Consider the overall market sentiment and news that could affect XLM.Adjustments: Be prepared to adjust these levels if the wave count changes or if new price action emerges.Risk Management: Always use stop-loss orders to manage risk and protect against potential reversals in Bullish and Bearish Scenario.
Remember, those abobe are potential levels based on my assumption only. Always be causious because this is not financial advise and should not be taken into one. Always trade responsibly and use proper risk management. Choose your position calmly, trade wisely and stick to your trading plan.
As for the last sentence. We all know that most of the coins/tokens are moving almost 80%-90% the same in comparison of Bitcoin Price Movement. So, this analysis can also be applied to Bitcoin, with the different Key Levels and Fibonacci Retracement.
Once we confirm the validation movement of Bitcoin, we can use it as indicator to trade based on the wave that we've analyzed here. So, by using Eliott Wave Theory and Fibonacci Retracement on Bitcoin, you can trade and apply them on Bitcoin itself,
as well as considering to open the same position with caution on Ethereum,
on BNB, XRP, ADA, many more coins/tokens taht maybe have 80%-90% movement altogether and not really against each other.
Well, I think I'm gonna end it here, as always, last but not least, wish you have huge luck and profit for your trade and may you always be happy, healthy and wealthy. Happy Trading and Cheers... 🍻
#MarketPullback #BTCDipOrRebound

Hello Binancers...
Me again here, would like to start this week with my first Article about Bitcoin Analysis with the daily timeframe and the possiblity of the price movement. I'll update this analysis everyday whether or not there's a significant movement. So, let's begin.
Predicting the price of Bitcoin (BTC) for the next week with certainty is impossible. The cryptocurrency market is highly volatile and influenced by numerous factors. However, we can analyze the current chart and consider potential scenarios based on technical analysis:

$BAKE Let's analyze the BAKEUSDT chart in Monthly Timeframe and discuss the potential for reaching 2 USDT or even more again. Is it possible? Let's break it down!
Understanding The Chart
Current Price (by this time of writing): 0.2013 USDT, down 5.00%Timeframe: Monthly (6D:17H indicates 6 days and 17 hours left in the current monthly candle by this time of writing)Technical Indicators:- EMA(7): 0.2414 (below current price, indicating potential bearish trend)- EMA(25): 0.3830 (significantly above current price, further bearish indication)- MACD: Bearish crossover (DIF below DEA)- RSI: Below 50 (bearish momentum)- STOCHRSI: Approaching overbought territory, but momentum is weak
Analysis
Long-Term Potential (2 USDT or even more):
Possible, but Challenging: BAKE has reached 2 USDT in the past, suggesting it's possible. However, the current market conditions and the coin's specific fundamentals will play a crucial role.Timeframe Uncertainty: Predicting the exact timeframe is impossible. It could take months, potentially even a year or more, depending on:
Overall Crypto Market Recovery: A bull market is essential for most altcoins to see significant gains.BAKE's Project Development: News, updates, partnerships, and adoption rates will heavily influence price.Market Sentiment: Fear and greed in the crypto market can cause significant price fluctuations.
Trading Strategy (1-3 Months or More)
Current Trend: The chart clearly shows a downtrend.The EMAs, MACD, and RSI all point to bearish momentum.Long (Buy) Position:- Risky in the Short-Term: Going long now would be counter-trend and carries significant risk. You'd be betting on a reversal, which is not supported by the current indicators.- Potential Entry Points: If you're determined to go long, look for:- Strong Bullish Divergence: A divergence between price and RSI or MACD could signal a potential reversal.- Breakout Above Key Resistance: The EMA(7) and EMA(25) would be significant resistance levels to watch.- Significant Volume Increase: A surge in trading volume alongside price increase would indicate strong buying interest.Short (Sell) Position:- More Aligned with Current Trend: Shorting aligns with the current bearish momentum.- Potential Entry Points:- Rejection at Resistance Levels: Look for price to test the EMAs or previous highs and fail to break above.- Breakdown Below Support Levels: Identify key support levels and enter a short position if price breaks below them.Risk Management: Use stop-loss orders to limit potential losses.
Important Considerations
DYOR (Do Your Own Research): This analysis is based on the provided chart. Conduct thorough research on BAKE's fundamentals, news, and market sentiment before making any trading decisions.Risk Management: Never invest more than you can afford to lose. Use stop-loss orders and manage your position size carefully.Market Volatility: The cryptocurrency market is highly volatile. Be prepared for significant price swings.Long-Term vs. Short-Term: Your trading strategy should align with your timeframe. If you're looking for long-term gains, be prepared to hold through periods of volatility.
In conclusion, while BAKE potentially reaching 2 USDT again is possible, or even more than just 2, it's a long-term outlook with considerable uncertainty. Trading now would be highly speculative. If you choose to trade, consider shorting in the short to medium term, but always prioritize risk management. For long-term positions, wait for clear signs of a trend reversal and conduct thorough fundamental analysis, or you can simoly buy it with allocated lost-able fund and wait, or do Future with your minimum margin and wait.
Disclaimer
This is not financial advice. Trading cryptocurrencies involves significant risk. Consult with a financial advisor before making any investment decisions.
Well, last but not least, as always, choose calmly, trade wisely and huge profit for you. In my personal opinion, it will be able to reach back that 2 USDT range or even more in the future. We'll see. And again, may you always be happy, healthy and wealthy, happy trading, cheers... 🍻
#BakeryToken