On the weekly, XLM seems to be forming one of the biggest cup & handle I have ever witness of my whole trading career.
Been calling an handle for a couple of weeks now. If it goes accordingly we might see XLM over the infamous 1$ range in 2022, perhaps even more.
Weekly indicators also points towards bulllish bias (RSI, MFI, MarketCipher)
XLMBTC and XLMETH also...
XLM seems to have tested its daily uptrend line and bounced right back. I think we might see it going back into its tightening range before the real pump to a 1$. XLM has been creating bear traps for a while now and so far, always bounced back into its range. Seems like a normal scenario to me right now.
Lets see how it goes! I am HODLING!
Not a financial advice!
If we manage to get passed and break the upper flag trendline, we should retest and head off to 30$ quickly. Then 30$ will have to hold as a key support. Let’s see what happens next!
Not a financial advice. DYOR.