1) we are sitting on an inverted H&S that started forming in May 2022.
2) with a structure like that, the tiniest target I can think of is no less than 28 cents a piece.
3) my other reason for believe we’re headed to 38-40 cents is that BTC is gonna push to 48k, and stabilize there giving way for the Alts to catch up.
4) XLM is not gonna catch by going to 17 cents or 24 cents. The only option is to hit the 38-40 cent level.
5) once we get to that level btc will start correcting back to 38k which is around 20% of correction for btc.
6) if btc corrects 20% then XLM will follow with a 36-40% drop (very normal and recurring event). The 40% drop of XLM from 40 cent is gonna be around 24 cents which is a 38.2% Fibonacci retracement level.
7) all of this needs to happen in a time span of a 7-8 week.
8) this is just a scenario that I think will happen. We all no there’s a high chance it will never happen, but I had to share the idea.
2) with a structure like that, the tiniest target I can think of is no less than 28 cents a piece.
3) my other reason for believe we’re headed to 38-40 cents is that BTC is gonna push to 48k, and stabilize there giving way for the Alts to catch up.
4) XLM is not gonna catch by going to 17 cents or 24 cents. The only option is to hit the 38-40 cent level.
5) once we get to that level btc will start correcting back to 38k which is around 20% of correction for btc.
6) if btc corrects 20% then XLM will follow with a 36-40% drop (very normal and recurring event). The 40% drop of XLM from 40 cent is gonna be around 24 cents which is a 38.2% Fibonacci retracement level.
7) all of this needs to happen in a time span of a 7-8 week.
8) this is just a scenario that I think will happen. We all no there’s a high chance it will never happen, but I had to share the idea.