This is just an idea based on 1day patterns since the bull run started. XLM will double in value every 30-45 days and then trade sideways, based on these waves then I see $2.50 XLM by the end of May, and it looks like a breakout could happen soon.
This is just an idea and not trading or financial advice. Please do your own due diligence before trading.
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The MACD is also setup and this coin is ready to PUMP
@prefabsprout, how long were you in for and at what price? Unless you fomod in at the beginning of the last consolidation phase you had to have done well. I don’t see how people can be so critical of this coins price action when looking at the daily chart since the beginning of this bull run. Do I want it to move faster? Yeah of course, but to lose faith in a project with so much going on in the space is poor judgement in my opinion. This is a longer term hold for me and I don’t trade it the same way I do others.
prefabsprout
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@WhiteJesus, just feels like relative to other options that can 5-20x in same amount of time something that has struggled now is less interesting.
i prefer the potential for significantly bigger gains in LINK DOT and DASH
VajraV
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@prefabsprout, struggled? Clearly you can’t even read the prices let alone a chart. If someone bought in on single digits the profit margin is pretty sweet especially when the coin is as predictable as XLM is
prefabsprout
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@vajravaraha, xlm is the same price it was at the beginning of the year. compare that to btc eth link dot ada or dash.
WhiteJesus
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@prefabsprout, I can understand that perspective completely and I hope you made some good $ on your sell at .50. However I do think the growth long term will be a lot more that a quick 5x-20x pump and I’m holding for those days. The fundamentals are outstanding, we all know that. I suppose the key to this discussion would be the strategy of the trader. Look at Xrp at its ATH, Xlm has half the supply and none of the problems that XRP has with better case use and implementations. Doubling XRPs ATH isn’t unreasonable to expect and I’m gonna be on that bus when it leaves the station. I have a swing trade and long term portfolio, I also have a day trade portfolio. Link, Dot, Atom (been in since $4), Eth and Xlm are in my long term/swing portfolios. The rest I will pump and dump regularly as I see potential for profits but not so much the projects long term. Just my .02
kilozmedia
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@WhiteJesus, Not even just XRP look at ADA having more coins in circulation then XLM yet still having a good moving average. we just need some good news about XLM to come out to get people to realize its not a dead project and far from a shit coin.
said everyone for the past what seems like an eternity.
i have lost my faith in this one, too many other better options out there.