Stochastic RSI is indicating a Bullish Divergence on the 1D.
This is dependent on where BTC goes as well, of course (If BTC breaks down, target would be 23 cents for XLM -- under 20 cents if it gets ugly). If we find ourselves back in an uptrend, however, XLM will be popping over the $.319 mark within a few days. 36-38 cents, optimistically. This target is based off of fib fan, fib retracement, and bollinger bands.
I don't see Stellar making anyone rich anytime soon, but there are opportunities for quick trades coming up. We'll see where it goes from there.
This is dependent on where BTC goes as well, of course (If BTC breaks down, target would be 23 cents for XLM -- under 20 cents if it gets ugly). If we find ourselves back in an uptrend, however, XLM will be popping over the $.319 mark within a few days. 36-38 cents, optimistically. This target is based off of fib fan, fib retracement, and bollinger bands.
I don't see Stellar making anyone rich anytime soon, but there are opportunities for quick trades coming up. We'll see where it goes from there.
Comment:
Well..."(If BTC -5.52% breaks down, target would be 23 cents for XLM 3.37% -- under 20 cents if it gets ugly)"