XLM has just recently reached new highs on Binance so I drew out these Fib levels to help gauge where the price is going to go. First off, XLM spent the entirety of January / February until now in accumulation right along the 0.277 - 0.30406 level.
XLM is clearly in a breakout now going long towards higher highs. Already, it has surpassed the 0.41194 local swing high level as well as the 1.0 Fib level at 0.44953.
Take a look at how many times these candles dance around the Fibs, it really is insane and something to look at. From here, I’m expecting XLM to follow XRP’s pattern in slowly creeping up to new highs and touch the 0.58 level at the 1.618 Fib level.
XLM is clearly in a breakout now going long towards higher highs. Already, it has surpassed the 0.41194 local swing high level as well as the 1.0 Fib level at 0.44953.
Take a look at how many times these candles dance around the Fibs, it really is insane and something to look at. From here, I’m expecting XLM to follow XRP’s pattern in slowly creeping up to new highs and touch the 0.58 level at the 1.618 Fib level.
