Recently, I've observed something quite intriguing that suggests the significant upward movement might occur sooner than anticipated.
From a trading perspective, I believe there's some promising potential here.
If this analysis holds true, XLM could potentially surge to at least $0.79 from its current position.
A breakthrough above $0.11714 followed by another above $0.138837 could signal the beginning of a third-of-a-third wave. Additionally, we've witnessed a breakout from a sloping trendline, followed by a retest, and there's also a miniature inverse head and shoulders pattern forming at present lows.
Considering the XLMBTC chart is currently at all-time lows, I anticipate a reversal in its performance relative to Bitcoin.
"Considering the XLMBTC chart is currently at all-time lows" XLM/BTC hit 137 sats in 2017 so It's been lower just not in a long time and very disheartening to see it so low now. 220-225 sats Seems to be the final support before a deeper dive. 450ish sats seems likely to be the top if it reverses. Thanks for the chart.
AriasWave
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@NobleToker, Upon reflection of your insight, I posit that the current downturn may be indicative of typical behavior exhibited by Wave E before a complete reversal transpires. Comparing the percentage gain required for XLM to reach $2 to Bitcoin's ascent to $289,000, with XLM at a 3000% gain versus Bitcoin's 1500% (from current levels), I sense an imminent shift on the horizon.