I still repeat I'm bullish on the longterm but it needs time. Foundmentals are too goods.
Stellar has all the caracteristics needed to succeed. Right product, done by the right hands.
So let look at this chart
Stellar is entering in a very hard zone. The violet area is a resistence area from ATH.
We are also entering in a supply zone represented by the orange dotted line. A third resistance will be represented by this black trendline.
To conclude there are a lot of resistances. too much
What next?
Stellar will grow in my opinion another 20% penetrating in the violet area and then will correct.
The next correction will find place inside the violet area. The support of the channel will form a lower high pushing stellar to a new ATH inside the Red Star of the magic wand.
BIO
Stellar has all the caracteristics needed to succeed. Right product, done by the right hands.
So let look at this chart
Stellar is entering in a very hard zone. The violet area is a resistence area from ATH.
We are also entering in a supply zone represented by the orange dotted line. A third resistance will be represented by this black trendline.
To conclude there are a lot of resistances. too much
What next?
Stellar will grow in my opinion another 20% penetrating in the violet area and then will correct.
The next correction will find place inside the violet area. The support of the channel will form a lower high pushing stellar to a new ATH inside the Red Star of the magic wand.
BIO
Note
cup and handle breakout potential target is aroung 0.42-0.44
Note
Note
I adjusted the trendline with the wicks. If the triangle will not been breakdown, this consolidation at 0.20 means that stellar is for sure in the top 3 of the best investement in the cryptocurrencies
Note
We arenxt to know which direction xlm will take
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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.