We just looked at Stellar Lumens (XLMBTC) on the weekly time-frame, the long-term chart, now we are going to take a closer look and see what is going on...
Let's start by zooming in on the chart above:
We can see XLMBTC on a very steep decline since November 2018... Stellar never did let go and has been going down since... Only now early reversal signals are starting to show up.
Here we can see a new low being hit (bottom dashed line).
Here can see the volume breakout... We can see volume decreasing and then a sudden jump to print higher volume bars as well as break pass resistance.
The RSI is super strong, over 66.85. This is the highest it has been since March 2019.
If we compare Stellar to other altcoins, we are likely to see some huge growth in the weeks to come... All the details are shared on the chart above. All the targets are clearly marked... Stellar Lumens is now super bullish.
Thanks a lot for your continued support.
Namaste. _____________________________
Weekly analysis for Stellar Lumens (XLMBTC)
Commentaire
⋅
+25% Growth after sharing on Binance.
If you look at Coinbase for the XLMBTC pair, this one exchange reached up to 72%+ of profits from our published price... It will grow more.
Thanks @alanmasters for this post!! As a long term Stellar investor I’ve been waiting a while for a XLM update and Im happy you did one! Keep up the good work my friend.
AlanSantana
⋅
@Fedde12, It is my pleasure. Thanks a lot for the support, appreciated.
Namaste.
otternose
⋅
Thx. see it the same way and made today nice profit with. But all depends on where the BTC will go. If a bigger dump comes in...XLM will go deeper than before, same as all the other Alts showing nice moves the last days. What do you think BTC goes up or down, especially with the upcoming news and decisions?
AlanSantana
⋅
@otternose, The market moves in cycles... Bitcoin can dump and the altcoins still grow if we enter the altcoins season.
Bitcoin has gone sideways now, which is exactly what is necessary for the altcoins to grow.
It is also what happens before they start to grow and they are growing now.
So it is likely that the alts vs btc pairs reached the bottom and will have a nice wave up.
It is also possible that we are witnessing a complete change of trend.
We will see how it goes.
Namaste.
otternose
⋅
@alanmasters, thx for reply. I expect this trend change a little. so that's why I am cautious and request your opinion. Thx and good evening.
AlanSantana
⋅
@otternose, At the least a very strong wave or trend reversal is taking place right now.