Market cycle and patterns journey on XLM with potential buy zone
I taught i would try to make a XLM market cycle analysis with known patterns for educational purposes from the bearish perspective. It has to be noted that, what comes from this hour on forwards, could be well depended also from the macro forces on the market ( BTC movment, and roadmap).
Start from the Pink text box and work your way down.
I have charted down
- few parts of market cycle with red bubble
- Major and minor bearish downtrend lines
- and multiple Patterns ( Broadening wedge , bearish pennant ,etc)
For reference about red text bubbles use this link. onemint.com/2010/06/30/wall-street-cheat-sheet-psychology-of-a-market-cycle/
Let me know what you think about my interpretations....all ideas and comments are welcome..remember Kaizen (continous edjucation will make us great)
Start from the Pink text box and work your way down.
I have charted down
- few parts of market cycle with red bubble
- Major and minor bearish downtrend lines
- and multiple Patterns ( Broadening wedge , bearish pennant ,etc)
For reference about red text bubbles use this link. onemint.com/2010/06/30/wall-street-cheat-sheet-psychology-of-a-market-cycle/
Let me know what you think about my interpretations....all ideas and comments are welcome..remember Kaizen (continous edjucation will make us great)
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