Stellar (XLM/STR) Short Term Outlook

2018年1月31日

No one knows the future, but the short term trading charts for Stellar (XLM/STR) still seem biased negatively; despite the short lived breakout last week. The charts seem to suggest that Stellar will find a home somewhere within the 0.382 fib level (~$0.38) and 0.236 fib level (~0.24), but I wouldn't be surprised if it overshoots and bounces off the $0.178 support level first. However, what might give dip buyers some comfort is that the underlying fundamental network drivers have increased demonstrably and appear to be still relatively strong despite the poor price action (see full details here) -- medium.com/@pugilist_vc/the-curious-case-of-stellar-lumens-xlm-701f473e116f - which means the fundamentals may actually provide a price floor on the downtick.