Stellar (XLM) Formed Bullish Crab And Ready For Upto 98% Bullish Move
Stellar (XLM) Formed Bullish Crab And Ready For Upto 98% Bullish Move

By moon333 | moon333 | 2 Jan 2020


World's 10th largest cryptocurrency Stellar (XLM) has formed bullish Crab pattern and entered in potential reversal zone and ready for bullish reversal soon.

This potential reversal zone should be used as stop loss in case of complete candle stick closes below this zone.

Lets have a look on the dimensions of XLM's move:

After inertial leg (X to A) the A to B leg is retraced between 0.382 to 0.618 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B leg's Fibonacci projection and final (C to D) leg is retraced between 1.27 to 1.618 Fibonacci as perfectly required for bullish Butterfly pattern and now the price action is moving in potential reversal zone of bullish Butterfly, now we can expect bullish move at any time which will lead the price action between 0.382 to 0.786 Fibonacci projection of A to D leg, but after this bullish divergence if the candles sticks will be closed above the 0.786 Fibonacci levels then it can also lead to the long term bull move.

XLMUSDT: XLMUSD forming bullish Crab | Upto 98% bullish move expected

 

As per Fibonacci sequence method we can set our targets as below for mid term trade:


Buy between: $0.048953 to 0.038544

Sell between: $0.057035 to 0.076600

 

So this trade has potential to produce upto 98% bullish move.

 

Regards,

Atif Akbar (moon333)

 

The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not intended to be investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic bullish Crab pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.


moon333
moon333

Hi, My name is Atif Akbar and I share my charts about different assets as username moon333, you can find me most of the times among top authors on tradingview


moon333
moon333

Hi my name is Atif Akbar and I am one of the top 3 authors of cryptocurrency trading charts as per tradingveiw I publish there with my username moon333 to verify you can visit: https://www.tradingview.com/markets/cryptocurrencies/ideas/ I also publish the charts of different other assets like forex, commodities, CFDs Stocks e.t.c. Here you will find perfect predictions on different trading assets.

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