XLM target double digits
This chart speaks for itself.
We first look at the movements of XLM in the 2017 Bull Run. 1) A massive impulse up, 2) an 88% correction, 3) a second impulse up to ATHs.
Presently, we have seen 1) A massive impulse up, 2) an 88% correction, and we are waiting on what comes next.
One thing to note - the 88% correction took approximately 3x longer this time around than it did in 2017. It is fair to assume that the impulse up to new ATH (and double digits) may take longer to materialize than the last bull. We may see a lower daily or weekly close, but I believe that the low wick we have seen is the actual low for in the 88% correction.
Good luck!
We first look at the movements of XLM in the 2017 Bull Run. 1) A massive impulse up, 2) an 88% correction, 3) a second impulse up to ATHs.
Presently, we have seen 1) A massive impulse up, 2) an 88% correction, and we are waiting on what comes next.
One thing to note - the 88% correction took approximately 3x longer this time around than it did in 2017. It is fair to assume that the impulse up to new ATH (and double digits) may take longer to materialize than the last bull. We may see a lower daily or weekly close, but I believe that the low wick we have seen is the actual low for in the 88% correction.
Good luck!
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