If XLM breaks under the 20 day moving average when they meet again soon, it'll do exactly what it did last time: return to the underlying trendline. These similar bubble and blow-off patterns are typical of cryptos and very obvious in the altcoins. It is how bitcoin grows. The problem for XLM is that its underlying trend is still very flat (somewhere in the 100s of sats). The blow-off period may be longer or short than the previous, but the next bubble will reach new highs.
This applies only IF the 20 ma is broken.
This applies only IF the 20 ma is broken.
Note
Just to clarify what I mean here because some questions. Purely as an example, if XLMBTC goes down to 100 then goes up over the year to 10000 sats and BTC is at that time 50k USD, then that is 5 USD per XLM, really it's not the end of the world guys!Note
Price is finally falling after one year! Guys we can all se enow the manipulation of criminals like Jed Mccaleb & his associates, who quite frankly all belong in jail.
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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.