XLM.usd at a KEY Decision Point: Die now or Jump to 9 cents

Quick post to alert of the current KEY level.
Price just hit bottom bound of key resistance.
Likely to pullback a bit, but look for break out.

c 7.53-7.59 is the immediate resistance.
c 8.37-8.48 is the LIKELY target for wave 5
c 8.82-8.98 is quite achievable if strong bull.

Commento:

( ( PING ) )

First target hit EXACTLY and was noticed

Lets see if it pulls back much, or just keeps going.
There was a lot of momentum on that surge.

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Commento:

Follow up to above Target Ping and pullback:

We had a definite pullback from the target

but looks to be Bitcoin driven,
since all coins dipped with the King.

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Zoom IN (15 min) for a closer look

and we see the distinct PING on blue 3.236.
Also reacted at the blue 4.236 above.
So we can prepare for a test of the blue 3.618.

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Zoom In MORE (5 min) and adding a fib to the drop

looks to be a decent map.
Of note, it bounced of its local 5.618,
so the above Ping had two strong fibs right there.

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Zoom OUT a bit (8 min) and including the new Blue fib from above:

Made an adjustment to an existing zone,
and added two new zones plus a double-fib.
Thus a near-term road map of the recovery.

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SUMMARY:
- XLM dipped with the entire market, but had one of the strongest boucnes.
- It is possible and almost likely that we test the newly defined support zone above (green).
- All in all very bullish signs, so the original extended target looks quite achievable yet.

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