Kainp
Long

Stellar Lumens XLM:BTC Analysis, LONG (Bullish w/ Caveats)

KRAKEN:XLMXBT   XLM / XBT
XLM currently in an interesting position following a long-term trend of higher lows and a short-term trend of lower highs.

However, the mid-term trend is still higher highs with the start of a correction after an extended fall from ATHs. Combined with the fact that the long-term support trendline of higher lows has been tested many more times and held consistently, I'm reasonably confident in taking a bullish stance.
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