forexlens
Long

XLMUSD target of 1.078 on or before January 29th, 2019.

BINANCE:XLMUSD   Stellar / US Dollar (calculated by TradingView)
If we follow the general rule that the length of a consolidation zone is generally mirrored by an equivalent move in price, then the target range is 1.078 for XLMUSD -2.76% .

As far the time frame that it could reach, the longest time period should expect the move to take is until Jan 19th, which is the end of the current time cycle. However, given FinAstro cycles, the seasonal bull cycle and behaviour of the market over the past 10 years, a move to and beyond 1.078 before January should be more expected – in fact, the probabilities of XLM 1.06% attaining higher values beyond Jan 2019 is very unlikely – XLM 1.06% (and the entire crypto market) is a victim and a beneficiary of the entire aggregate markets performance – there is still too much correlation in the market to assume that any single crypto will have a sustained move that deviates from Bitcoin -0.86% .
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