Lumen (XLMUSD) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Lumen began a wave one advance on December 22, 2017. The red wave one finished on December 23, 2017, and the red wave two correction ended on December 24, 2017. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on January 4 this year, and the red wave four (blue sub-waves a-b-c) correction ended on January 11. If this wave count is correct, Lumen should be heading next towards the January 4 peak in the red wave five.
(Chart courtesy of Tradingview.com (log scale))
In the daily chart, I believe Lumen is currently in the red wave five. The red wave five began on December 22, 2017.
(Chart courtesy of Tradingview.com (log scale))
Looking at the weekly chart, Lumen is most likely in the red wave five (blue sub-wave v).
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
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(Sources: https://www.stellar.org/ and YouTube)
If you think this analysis is correct, upvote this post and upvote the comment "Lumen will takeout the January 4 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Lumen will drop below the December 24, 2017 low".
If you think Lumen is in a range, upvote this post and upvote the comment "Lumen will stay in a trading range between the December 24, 2017 low and the January 4 peak until February 15".
You can upvote the comment until 3 PM EST January 16 and you can upvote only one comment. 50% of SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).
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