The current XLM chart leaves plenty of room available for major gains over the next 6 months to a year. XLM generally runs with XRP.
Good luck, and always use a stop-loss!
Look at the price action of 2016-17 and look at the current price action.
I just wanted to highlight the main points of correlation.
The trend lines are clones from the 2016 price action and fit well into the current price action.
The fractal is what the price action could be if it follows the pattern of 2016-17.
First major move top target is 1.8-2.8
Second...
In the past 6-8 months every time I have published a bullish idea about XLM price has crashed vehemently with no shame in contradiction to all my ideas. So when you see an XLM idea on TradingView by me, it is in itself a signal to run away from this mad dog. On the other hand, I still think this scenario will play out. The price will not hit the highest trend...
XLM at the least $0.38! HODL on tight to this bucking bull!
I think XLM could rise to around $0.69 & correct back to around $0.10
What does you think?
Comment below!
XLM market cap would have to climb up to over 1 trillion dollars for the price to reach over 50 dollars. XLM is not going to these prices anytime soon (maybe 15-20 yrs later). it's just that a 161.8 % of the super wave 1 gives an estimate of 53 dollars and these parallel trend lines align with each other so perfectly that makes it look like it is a possibility for...
Are you ready for a cosmic journey with Stellar Lumens (XLM)? Dive into a universe where data isn't just numbers, but the keys to unlocking potential good profits! 🌌
Current Market Overview:
Recent data highlights a dip in Stellar’s supply to 105,390,795,497.27 XLM. From a technical perspective, this contraction in supply can be a precursor to price increases...
Good support into the year. We could see heightened demand as crypto currencies continues its upward momentum. There has been no confirmed signal of downtrend.
CCI : 120 since posting. Usually a sign of demand.
RSI : Sitting at 49. Above 50 usually means there are more buyers than sellers.
And as always, stay vigilant. Set your stop losses accordingly.
From a technical analysis viewpoint there are a couple of things to note.
1: Elevated RSI
2: CCI showing signs of recovery and confidence.
And lastly....
3: Where are the sellers?
There is a positive outlook on stellar short term and long term.
#XLM is literally replicating what it did the last bull run. If you notice it will reflect the same exact time that I'm expecting other alt coins to move, around May or June 2024, when in my opinion the real bull run will start.
It's a great momentum for accumulation and to buy more of this coin that can do 300/400% easily.
At this point, awaiting higher volume and some confirmation XLM can break out. Otherwise, this has been an unfortunately lackluster rally with XLM. Here's to hoping.
XLM Stellar Lumens weekly chart indicators showing possible signs of making a big move to the upside at any time. XRP ripples chart near exact comparison. Green arrow indicators set at market downtrend exhaustion levels on cypher b coinside with commodity channel index's bottoms and reversals shaded in yellow circles.
Stellar made an upside bridge in the past. The green line was flat and the red line created a convex negative by opposition of the price. Stellar is not XRP's little brother. Stellar is not XRP 2.0.
I’m comparing March 2017 to March 2024, because I have run out of bullish ideas and this is the last thing that comes to mind. Look at the chart in the comment to see the comparison.
This one looks like a broadening wedge to me, however the speed at which XLM's price has been unfolding is disgustingly slow and boring. Just in case if price tends to visit the top of the broadening wedge again, it is gonna be a 70-75 cent target, which is a massive resistance level.
