XLM USD IDEA: Possible Price Action Cycle Projection

14 ago 2021

This is a short term price projection for XLM USD. By identifying repeating segments of price action I have roughly estimated where price will move to next in order to keep its cyclic structure. What I've personally noticed from studying XLM USD price action is that it often follows an alternating binary system. In other words, price will form 4 waves in a series where wave A and C are entangled into structural trend 0 and waves B and D are entangled into structural trend 1. Together structural trends 0 and 1, and Waves A, B, C, and D come together to create the overall price action cycle. On the chart, each wave is represented by 4 blocks of price, where every other 4 blocks follow the same structural trend. If price breaks structure I would expect to either see a trend reversal starting to form, or price fulfilling a structural obligation for a larger wave.

15 ago 2021

Nota

Projection height slightly off mark. 3rd wave in series has propelled past my projection, however it should still follow the same price action structure regardless of the price level it settles at. After completing either the 3rd or 4th wave in the series, price should reverse to form the second half of the market maker cycle.