The setup would be as follows:
BUY the breakout of the (currently just a bit above 1700), or enter now with a stop loss at 1530, perhaps.
The first target would actually be 3000 (that's how powerful I think this move could be). If that falls, since so much accumulation already happened in the 3000-5000 area (kind of like Bitcoin's 6-7K), we might just head straight towards 5000.
If XLM cannot break out here, the next touch of the bottom of the would likely occur in the 1000 zone (red X). A move down is possible, but XLM has exhibited some very strong buying power recently - not only on its recent bottom against Bitcoin , but during its bottoming period against the dollar, when it went as low as 7 cents.
This is not financial advice. Just a potential setup I'm seeing. Curious to see if it plays out.