A Stellar Weekend!

Stellar Lumens / BitcoinBittrex

Description

⋅ Jun 30, 2018 1:04 PM

A double bottom reversal occurred at 3k sats which has brought us to current levels.

Expect XLM to at least hit 3.3k sats before the end of weekend trading if this is really the breakout we've been waiting for.

I expect us to band sideways at the 3.1k sats level before we move on up to 3.3k and re-evaluate.

BTC seems to be on an upward course at least in the short term - which means XLM should act similarly.

XLM still has a lot of recovery to do yet. Its still a great time to accumulate as we move on up!

Comments

lightmansam

⋅ Jun 30, 2018 11:56 PM

We are still trending down in the long term charts. Have to wait for a breakout from the wedge.

rgeddes

⋅ Jul 1, 2018 12:24 PM

@lightmansam, I'm not sure if we'll hit the low - but it does look like we may turn around at this level. Everything depends on whether or not BTC can break the 6400 barrier and move to 6800. If that happens we will be well outside of your downchannel. Thanks for the share - hopefully we see a recovery of some sort soon!

lightmansam

⋅ Jul 2, 2018 7:46 AM

@rgeddes, I don't think we'll hit the low either, I'm just mentioning coz we're still trading within that range and continuing the downtrend. So I'd wait for a clear break above the resistance before buying in completely. Good to average in right now.

rgeddes

⋅ Jul 2, 2018 12:33 PM

@lightmansam, I agree - its definitely the time to accumulate if you can. I think both of our charts are now showing a breakout - which may only be a temporary recovery. It will be interesting to see what patterns emerge over the next few days!