Hello traders and investors!! 😄👋
I was just looking at a chart of XLM (stellar lumens,) and in my opinion we see many indicators that the bulls are here... Let's take a look!📈🔍🔽
~Recently XLM had what could be considered a triple-bottom in the three areas I have circled above 1️⃣2️⃣3️⃣👍😀
~ After our last low point, we formed what would have been a bear flag🐻, but the situation quickly turned bull-ish🐮🎉 as we see a few large bull candles🕯 to invalidate any bear flag/pennant▶🏁🚫
we are seeing more of an inverse bull flag now! 👍↗⏫ (In my opinion)
~We saw a break down from a major trendline that started around May 18th and ended on the 24th of May.. 👇⏬
~On the 24th of May📆, we saw upwards of 100☑ percent price increase in only 1 day📉🐮👏🥳 (I measured this move) What a candle!!!! 🕯🕯👏🤯
Short Fundamental- Overview:🔍🧐
✔XLM is it's own blockchain, which means it does not use BTC or ETH resources to function, (this allows for very low transaction fees and times respectively.) 💲🤞
✔XLM was one of the first (green coins,) or proof of stake coins🌄♻, to come out, and it's transaction times are impeccable👌 ⏬👇
✔Currently, the Stellar network is capable of running around 1,000-5,000 transactions per second, which is 100x-500x faster than the Bitcoin network and 50x-250x than the Ethereum network. (Source : www.cryptoeq.io/core...rts/stellar-abridged)
✔I have stated before that XLM is extremely undervalued, and I wasn't joking!! As long as BTC can somewhat hold up, I think we may see a bull run to some of our targets depicted above👀🐮😄
That being said, I am looking to gain support here at our 0.41-0.43 range in order to be more certain.
✔Back in 2019 Stellar Lumens burned 55 Billion of its tokens, and created a new system where transaction fees are burned as well. (One could suggest in the future we will see more action towards deflationary implications.)🕙🕐📌📆
It is wise to use caution and do in depth research before making any large investment.⚠📍📝✏
CoinMarketCap info:
Stellar Supply
Circulating Supply 23,083,746,331 XLM
Total Supply 50,001,803,156 XLM
Max Supply 50,001,806,812 XLM
Stellar Market Cap
Market Cap $9,874,475,563.08
Fully Diluted Market Cap $21,389,145,955.98
🛑🛑🛑This is not financial advice🛑🛑🛑 Above are approximate targets based on fibs and major trend lines etc. I always recommend looking at multiple charts when making a big investment, thank you!
Always have a stop loss ✋🛑💲 set🆗
Any thoughts 💭💡, questions 🙋♀️🙋♂️❓, good 👍, bad👎, happy 😄 or sad 😥, in the comments always welcome.
Jazerbay
I was just looking at a chart of XLM (stellar lumens,) and in my opinion we see many indicators that the bulls are here... Let's take a look!📈🔍🔽
~Recently XLM had what could be considered a triple-bottom in the three areas I have circled above 1️⃣2️⃣3️⃣👍😀
~ After our last low point, we formed what would have been a bear flag🐻, but the situation quickly turned bull-ish🐮🎉 as we see a few large bull candles🕯 to invalidate any bear flag/pennant▶🏁🚫
we are seeing more of an inverse bull flag now! 👍↗⏫ (In my opinion)
~We saw a break down from a major trendline that started around May 18th and ended on the 24th of May.. 👇⏬
~On the 24th of May📆, we saw upwards of 100☑ percent price increase in only 1 day📉🐮👏🥳 (I measured this move) What a candle!!!! 🕯🕯👏🤯
Short Fundamental- Overview:🔍🧐
✔XLM is it's own blockchain, which means it does not use BTC or ETH resources to function, (this allows for very low transaction fees and times respectively.) 💲🤞
✔XLM was one of the first (green coins,) or proof of stake coins🌄♻, to come out, and it's transaction times are impeccable👌 ⏬👇
✔Currently, the Stellar network is capable of running around 1,000-5,000 transactions per second, which is 100x-500x faster than the Bitcoin network and 50x-250x than the Ethereum network. (Source : www.cryptoeq.io/core...rts/stellar-abridged)
✔I have stated before that XLM is extremely undervalued, and I wasn't joking!! As long as BTC can somewhat hold up, I think we may see a bull run to some of our targets depicted above👀🐮😄
That being said, I am looking to gain support here at our 0.41-0.43 range in order to be more certain.
✔Back in 2019 Stellar Lumens burned 55 Billion of its tokens, and created a new system where transaction fees are burned as well. (One could suggest in the future we will see more action towards deflationary implications.)🕙🕐📌📆
It is wise to use caution and do in depth research before making any large investment.⚠📍📝✏
CoinMarketCap info:
Stellar Supply
Circulating Supply 23,083,746,331 XLM
Total Supply 50,001,803,156 XLM
Max Supply 50,001,806,812 XLM
Stellar Market Cap
Market Cap $9,874,475,563.08
Fully Diluted Market Cap $21,389,145,955.98
🛑🛑🛑This is not financial advice🛑🛑🛑 Above are approximate targets based on fibs and major trend lines etc. I always recommend looking at multiple charts when making a big investment, thank you!
Always have a stop loss ✋🛑💲 set🆗
Any thoughts 💭💡, questions 🙋♀️🙋♂️❓, good 👍, bad👎, happy 😄 or sad 😥, in the comments always welcome.
Jazerbay
Trade closed manually:
Stellar might follow btc on a run 🐻📈↘❗
Thank you!!
Thank you!!