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FOREXN1
Sep 3, 2021 3:20 PM

XLM:ONE OF BEST PROFITTABLE CRYPTO CURRENCY|NEXT TARGET $44.000⚡ Long

Stellar / United States DollarCoinbase

Description

Hi everyone, today we analyze this incredible crypto that gave us many satisfaction. XLM Stellar is a chain fork optimized for real-time FX transactions. Lumens (XLM), the native platform criptocity is used as an intermediate currency for cross transfers. Transactions trans-assets are made possible via "anchors", which pose currencies on the network by acting as reliable entities that hold deposits and can issue credit. The stellar network charges in a small fee at each transaction to prevent spam attacks and has a 1% fixed inflation rate a year.
XLM presents a positive correlation with the BTC of 80 points, we can say very high. From the 21st Jul, the value of this crypto has risen more than 100% following the bitcoin rally.
You can look at our ideas on the BTC in description. In the last sessions the price had closed inside a triangle where in conjunction with the BTC that was inside another compression figure.Same for BTC both compression pattern was broken in the last 2 days.
In the graphics analysis you can see where we have positioned the target and stop loss.

What do you think ?

TP: 0.44
SL: 0.3231
Comments
h2Trader
You labeled it as $44.000, rather than $0.44, lol. .... y’all shoulda seen how big my eyes just got! 😂
FOREXN1
@h2Trader, ahahahah , yeah :))))) I hope you like my Analysis !
VincePrince
Interesting view.
FOREXN1
@VincePrince, Thank you so much !
jojofang0901
Nice bullish price action for breakout
FOREXN1
@jojofang0901, Thank you :) :)
financialflagship
Nice analysis, many thanks.
FOREXN1
@financialflagship, Thank you Flag !
InkyGrip
Interesting idea! 🦐️
FOREXN1
@plancton0618, Thank you so much ! ! !
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