Stellar got rejected at the end of December on the 1D MA200 (orange trend-line) and that stopped the rebound from developing into a full rally sequence. That is the Resistance to beat if XLM wants to see a new bullish phase. Practically the pattern from late June until now seems like a giant Accumulation Phase and both in price action and 1D RSI terms is similar...
Pattern: Bullish 1D channel. Signal: Bullish on a Bullish RSI divergence. Potential Golden Cross. Target: 0.000016(below the 1W Resistance).
Nothing flashy here. I am just comparing XLM's 2017 cycle with the current one. Even though the duration/ horizons are different, the principles of market psychology stay the same. We see an aggressive sell-off initially over -80% followed by a first period of consolidation leading to the final sell-off (around -70%). Stellar seems to be on final stage of the...
Pattern: 1D Channel Up. Signal: Bullish as the Higher High has been crossed. Target: 0.127265.