Welcome friends to this analysis on Stellar lumens. With the recent break up in stellar I want to dive into stellar again and see where it's going and outline some possibilities for it. How high could we potentially go? and what is our pain target?
We have had a really solid break on XLM and this weekly candle looks quite bullish. Like my ETH analysis, I want to...
we think XLM is bullish for now and we hope to we breaks out and see high targets also maybe we can see news like coinbase will list XLM which will take us to this level plus we see double bottom but we waiting also the break out to confirm the patterns
Richimoku & Kumo Waves on Stellar Lumens / XLM
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XLM is at the upper line of the downward trend. There are high chances that it will fall even more then maybe retract. There are prospects for a reversal, but the news environment has to change for this to happen, and it didnt happen yet.
Is Stellar the next ETH or maybe the next BTC?
The Stellar network software is open-source and available to the general public. XLM is available almost on all exchanges that you know! It is very hard to find an exchange where XLM is not listed. I would not be surprised if it would get listed on Coinbase very soon!
In 2018, Stellar announced their affiliation with Keybase to eliminate the need for extended...
Stellar is very close to the lower trend-line formed by the two all time lows (very strong). In this regard it will be the first attempt to break it down considering the 2 points as supporting, therefore a cross now its very unlikely and another wave bounce to the high trend-line is more probable.
Also, NEWS are in favour of XLM, analysts from IBM confirmed the...
Stellar has tested successfully the Support from May 2018 and bounced back up. Give the downwards trend of all Cryptos including BTC, it is likely to see another test of the line and maybe a breakthrough. However, Cryptos are very dependent on news, therefore any good news may take over the normal course of the Trend Analysis and bounce up again.
Here we have (XLM),(STR) 4H Chart.
After breaking out a few days ago we should touch the uptrend-line at price 0.433 and up-forward again to touch the Fibonacci golden level and determine the way to go after reaching this hard step.
Target zones are on the frame to reach may be days or weeks not months with bullish (BTC)