XLM rallied 40% during the conference, and dumped afterwards. I've been keeping an eye on it since then, and have noticed an interesting pattern. It could be forming a giant cup and handle with floor of roughly 650 sats. This is supported by its repeated bearish breakouts of triangles. It is also falling at a decreasing rate, but continues to respect the...
The big news breaks later today, and as always I'm planning on selling beforehand. However, there is a good buying opportunity currently. XLM has beatifully followed Elliott Wave theory, and I believe the 5th (and typically most powerful) wave is coming up very soon. I do plan to exit my position completely somewhere along this wave though. Based on the previous...
The market is very uncertain, between all of the recent announcements and rumors, the price could break in either direction. Market sentiment shows bulls and bears completely in balance, with no clear overtaking by either party. Breakout won't tell us much until the breakout occurs, but a bullish breakout would potentially get us over the 1k satoshi line, whereas...