Stellar Lumens in the Altcoin Spotlight
Dat' Stellar Lumens (XLM). This coin has lived up to its name after blasting through technical and psychological levels before finding resistance at a Fibonacci Extension level of $0.93. This appears to mark the end of a prolific wave 3, and we will likely retrace at some point as we enter wave 4 of the Elliott Impulse wave. We currently sit well above the upper bound of the KRI, and both Kovach Momentum Indicators are bullish, which indicates it is unwise to get in the way of XLM. Of course, as we said above, some retracement is likely as we enter wave 4, but any dip should be taken as a buying opportunity at this point.
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