Hey all!
Thank you for the amazing feedback and comments as I continue to publish more ALTSCOIN charts during my free time! For those who have not subscribe yet to my chain simply hit that Like and Follow buttons to receive the latest notifications/updates. Here is another highly demanded coin to chart: "Stellar Lumen" or XLM, lets have a quick look of the potential targets of this coin in this Bull Market or Megabull!
If you are wondering if you should purchase/buy/long XLM here at 0.70c, I would say YES since it only gained roughly 1,500% since the 0.04c lows from the Bear Market which had a double bottom bull reversal back in 2019.
I believe that you or anyone could still make roughly 2,500% to 5,500% gains if XLM goes from 0.70c to either $18-20 or $38-40 by year end which is possible based on my bull log parallel channel. How could it be possible you ask?
Well there is a lot of "dumb money" flowing into the Crypto Market, more than any other Megabull run market we have seen in the past as the world embraces digital currencies through mass adoption. A simple look at DOGE that went from 0.0018 to 0.75c with a whopping 40,000% profit in few months is enough evidence that anything is possible in Crypto at this early stage of this bull run which has easily another 6 months~.
Anyways here is what I expect in the incoming weeks, I would expect XLM to rally on the rumor of the consensus and XLM Network upgrade which would hit the top/sell 5-10% target of the bull log parallel channel first at $2 (a great short-term sell area) by May 24 - 31. After that expect few months of sideways in the bull log channel before it starts rallying again by August to $7 then by year end it will reach the first potential top of this bull market at $18-20 or my second final potential target of the Megabull at $38-40 on Nov-Dec 2021~.
Summary of the Megabull / Bull Market Targets by Dec 2021 - Jan 2022:
$7-8
$18-20 (2,500% gains from 0.70c)
$138-40 (5,500% gains possible from 0.70c)
Looking ahead at the next bear market of 2022-2024, we can expect the final bottom to shape a nice rounding bottom at 0.90-0.70c~ which would be our potential buy/long target then!
Best of luck and happy trading!
Carl M.