The correction on XLM looks over.
The median line is acting like a restiance and support line since November.
When breaking that line, we might go all the way up to the U-MLH.
Possible profit is 33%!
Will keep you updated
About to turn over on the way up after weeks of selling off !
I don't want to believe it but the internals must have been dumping to make payments ???
but after all the selling from within ...:/
finally success has come with IBM news and new team members !
i remember everyone was hyping this up because of the coinbase effect .."which has been now lost...
On a previous post predicting a price drop of XLM I got some criticism from some who were using recent advanced in XLM as a reason that the price wouldn't drop. That's fine, I appreciate the few comments that I get on this site. What I said at the time (and I called the price decline accurately but a little early) was that everything corrects and as I...
Stellar is next to a decision point, according to trendline it could break in my view on the upper direction. Confirmation is always needed, I think that a good point could be up to 3800 or on 4000.
If uptrend start over confirmation considering the weekly chart a long time uptrend is expected.
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...
In this video I 1st show you a very clean / text book BUTTERFLY pattern which is currently doing very well. I use market symmetry to try and work out where price might get to before turning around.
When I did that it looked like price might be heading up to the 78.6% fib level which also happens to be almost exactly the XA leg of the bullish BUTTERFLY.