Steller (XLM) is warming up to a very strong bull market

Hello everyone,

As you can see, i usually don't analyse a short period i prefer to look for the big picture. XLM and many other ALTS have almost the same structure, market cycles mean no bear market nor bull market will last for ever.

i will summarize the important points i relay on:

*Major and minor ABC 12345 waves was formed which means bear market is over based on Elliot Waves Theory

* XLM touched the major historical trend line coinciding with the end of wave 5 then retrace which gives us a great evidence we will start new waves formations to the upside

* XLM is not anymore making Lower lows and Lower Highs

* we have cup and handle on the daily chart (which means XLM is preparing to breakout the bear market channel

* XLM broke out 9,50,100,200 MAs and is trading above all of them and that is very strong sign of a start of bull market

* most indicators are bullish

this is only my opinion and not a trading advice

please don't forget to like and comment to motivate me to continue

thanks!

Comment:

XLM broke out the cup and handle neckline

fisrt short term target: 0.087USD

which means XLM will breakout the historical bear market channel

lets watch and i will update later :)

Comment:

moon is your limit