XLMXLM- As stated in previous analysis XLM is and was a strong buy at .23-.25c Reasoning is that the chart is very clear and clean to me, after 5 waves up in the primary cycle XLM completed a near perfect ABC correction inside of a falling wedge pattern. A falling wedge pattern is very bullish pattern b c it show bearish selling exhaustion , meaning bears getting tired and the bulls can flip the trend very easily & quickly. Here is my EW projection going forward.
Xlmlongs
XLM consolidation below resistance = BoomI know I’ve been schilling XLM a lot lately, but I’m very bullish on the short term/long term movement. The next day or two could be quite parabolic if this things breaks out. See chart for target 1 and 2.
Side note: XLM/BTC chart looks just as good!
Good luck y’all!
(Buy) Stellar Lumens (XLMUSD) Technical Analysis for April 19Hello Traders,
The daily chart provides a perfect glimpse of Stellar Lumens price action and as you can see, XLM buyers are on top.
Regardless of this strong Stellar buy pressure, proponents are yet to cash out and as long as stochastics remain bullish, that target-$0.40-might be tested today. After $0.40, early buyers can look move their stops to break even and wait for $0.5 if need be.
I originally published this article at NewsBTC under Dalmas Ngetich