First time posting so don't beat me up too hard, just wanted to post what I saw.
There are 3 items on the chart This chart is all on the concept of 22 or 18 being the bottom of the correction. 1. the red line, it appears there is a direct link between the 2 resistance lines measured back to the mid resistance line of the prior run. I have cloned the line and set it to this runs mid bounce to see how long until the next potential correction This could mean sideways trading for a while or a long time on the top of the next run. 2. Purple line was the last low bounce before the big run-up at the beginning of the year. I cloned this line and put it against the last 2 bounces and it's pretty close, this could resemble the correction is over and the run has begun. 3. An interesting pattern I found and I laid it out a bit on the chart, It a lot of math but the pork and beans of it are that the runs are similar to 16c intervals so that could be the next run could be for 48c or 64c.
comment any thoughts, I am not going all in yet I want to make sure the correction has completed, but a great buying opportunity.
Also, I am not an advisor, these are only ideas and commonalities in the data
So let's see what XLM will announce soon because pumps are depending on that...
The_Poster_Child
⋅
@prodigy81, Hey Prodigy, Thanks for following the XLM cause. I think I might have found something, BTC ran up to 14k in July 2020 which appeared to be its resistance line, after it hit the resistance it traded sideways all the way till the first week in November when it broke up to 1500, I don't know how to add my chart to this comment or I would have, but I believe that was the catalyst for the run-up. This made everyone's ears perk up and crypto went crazy, and even now you can see faint traces of bit movement in XLM and other coins because that is still where all the eyes are. That is my theory at least.
prodigy81
⋅
@The_Poster_Child, you're welcome. I'm a real hodler of XLM. I've should have sold out at 0,38, but I'm waiting for a bigger opportunity.
Well, I've found out another big thing/news and I'll write soon on a chart. I'll come here to remind you.
I'm just looking for technicals/fundamentals to "justify the pump"...
I'm bullish (long term speaking on XLM).
May I ask what "fact" might happened on 5-day run in November? Because in January was the Ukrainian Government announcement (stellar.org/press-releases/ukrainian-ministry-of-digital-transformation-to-develop-virtual-assets-and-to-facilitate-cbdc-infrastructure-with-the-stellar-development-foundation) (3 day run) and "separation" of similarity with "cousin coin" XRP (SEC lawsuit)...
I also see for an retail/investor that XLM is eventually a little bit burned because already had this +130% in January, but something might make XLM pump again (maybe another government / bank).
Like we can also see a small pump on 09.12.2020 because of this press release (stellar.org/press-releases/bitbond-and-bankhaus-von-der-heydt-issue-euro-stablecoin-eurb-on-the-stellar-network).
So let's see what XLM will announce soon because pumps are depending on that...