- update on this analysis:
- as it stands, Stellar is probably the single best risk adjusted return trade you can find in the crypto space
- the target of the smaller wedge is around 50 cents however the big macro trade is confirmed with a new monthly higher high at which point the target is substantially higher - around 5$
- as it stands, Stellar is probably the single best risk adjusted return trade you can find in the crypto space
- the target of the smaller wedge is around 50 cents however the big macro trade is confirmed with a new monthly higher high at which point the target is substantially higher - around 5$
Trade active
The long term outlook of 5 dollars remains the same however short-term this breakout is looking a bit shaky and could imply lower levels for XLM are needed before higher.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.