XLM Providing One Last BUY Opp Now... Way More Excitement Longer-Term for Stellar Lumens!

Stellar Lumens (XLMUSD) has rallied in what appears to be 5-waves up followed by a 3-wave correction to set up a i-ii. However, with the recent sharp pullback, there is the possibility that we have lower to go for a larger wave-ii before finally launching into our much anticipated Wave iii rally. We must hold 0.295 to maintain our immediate bullish setup.

While I have begun to advise against buying large amounts of most cryptos since we are solidly in the middle of our larger 3rd wave rally, XLM is one of the few cryptos that is still within its buy window especially if we have a bit more downside to come. With that being said, I recommend dollar-cost averaging (DCA) to continue growing your positions as the rally continues in order to reduce risk (buying a little bit on a regular basis instead of dumping a lump sum of cash all at once).

As for the big picture, the subwave-(v) top of this rally would complete a larger Wave 1 before a strong larger-degree Wave 2 pullback. Whether we have a colossal, deep and low Wave 2 pullback correction spanning several months or even years or it is more shallow and short-lived, we will not know for a while. Therefore, the coming rally top may be a good time to take profits and reallocate across other securities outside of cryptocurrency or even Stablecoins.

This larger Wave 1 top (common to most altcoins) should coincide with the Major Wave 5 top for Bitcoin and Ethereum. While BTC and ETH may see a colossal crash for the ages perhaps spanning many months or years, XLM (and other altcoins) may give us a STELLAR buy opportunity for the longer-term, which would very likely get us to those amazing targets in the $9+ range.

But as always, we must allow the pattern to develop as the market chooses. It is still a good time to buy before we see any form of 3rd wave take-off. Please size your buys commensurate to your overall risk tolerance!

View the Previous XLM Update here:
https://youtu.be/ui44dyFa6Hk

I use Elliott Wave analysis to project price levels for different assets and asset classes. EW is a form a technical analysis that is absolutely NOT based on fundamentals. Please be aware that this video is not intended to act as financial advice. I am not a trained or certified financial professional. You may invest based on a strategy tailored to your own skill and risk-tolerance levels.

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