kdenery

XLM Bullflag Forming Nicely

BITTREX:XLMBTC   Lumen / Bitcoin
Here we see XLM             , a bluechip             , technologically solid coin testing the top of its bullflag channel, i see 3 possibilities:

Most likely, A. I see the current uncertainty of bitcoin             posing an obstacle to clm             making another run at the moment, so i believe well see one more small downtrend, (possibly NOT all the way to the bottom of the channel, so keep an active eye on it if youre looking for a buy in zone) before we gain enough momentum for our next bullrun.

B. We could see it break the channel any hour now, if it can close a 4 hour candle above the channel along with some influx of volume i'd be very bullish .

C. Finally, should bitcoin             crash or any big negative news release about Stellar             , I can see this moment being its highest point for a while. If it breaks below the channel, we may be seeing a serious correction of its parabolic come up. I highly doubt this coin will ever result in a full crash however, it's a very solid project.
that is not a bull flag but xlm is bullish anyway.
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kdenery cnbbcn
@cnbbcn, How so?
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Look at the daily charts my friend we are going up.
Today at 00:00 like Cinderella just the other way around...
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@YHRW, Probably 00:00 Binanace time...
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projected target for 6000 sats?
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kdenery JonathanJuliao
@JonathanJuliao, id set first target at around there yes, and watch for a double top when youre there.
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