1) I identify the 2 major resistance levels to be the orange rectangles.
2) the first resistance level of 123.6% is not high enough of a target for a violent bull market.
3) since XLM has been underperforming for half a decade, I expect this bull market to be as violent as the 2017 bull market.
4) my target for selling would be the 178.6% Fibonacci extension level which happens to be a major resistance level as well.
5) I plan on buying back at 23.6% or 38.2% Fibonacci retracement level which I have not decided yet.
6) once I decide on buying back at any of those two retracement levels, I’ll set a sell target of $4 per piece.
2) the first resistance level of 123.6% is not high enough of a target for a violent bull market.
3) since XLM has been underperforming for half a decade, I expect this bull market to be as violent as the 2017 bull market.
4) my target for selling would be the 178.6% Fibonacci extension level which happens to be a major resistance level as well.
5) I plan on buying back at 23.6% or 38.2% Fibonacci retracement level which I have not decided yet.
6) once I decide on buying back at any of those two retracement levels, I’ll set a sell target of $4 per piece.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.