Ok Stellar....time to act like it! Lol...so XLM is one of those coins I like with an actual working product and good backing (IBM). This trade has a great risk to reward as usual. Trade safe! :)
hey all, I think we might be seeing a breakout pretty soon on XLM. Good luck!
Please feel free to add your comments and views on this awesome crypto :)
It has bottomed out and found support at this level and is ready to go back up. Risk to reward is quite favorable. Coin with great partnership and team.
It's been a rough 24 hours for XLM. BTC shot through the roof again and XLM took a huge hit to its momentum. We've reached convergence on the support/resistance lines and XLM is trying to break out of this falling wedge. This should signal Bullish continuation. That being said, we've seen a history of XLM going sideways instead of up during "breakouts," forming...
Xlm looking to possibly make a break soon. Strong support all the way up to 600.
Just an idea based off the graph. woud love to hear your thoughts on Lumen.
Revised Chart . Volume curve in yellow corresponding to the Cup is a perfect textbook example of how it should be in a Cup and Handle (Reference- Bulkowski Pattern )
Also, double bottom forming in the handle. KABOOM! Target remains the same.
XLM is currently breaking through the pennant ceiling. 480-490 entry point, if you're not in already. Looking like it'll head up to 590-600, on it's way to a 24-48 hour Target around 700 before consolidating again.
