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XLM/Stellar bullish idea (H4/Daily)

BITTREX:XLMBTC   Lumen / Bitcoin
As major BTC             correction is still ongoing, most cryptos are following this course and XLM             is no exception.

Stellar* formed well-established point 4 of the current Wolfe-wave which was backed by significant volume spike.

If the price continues its present descend, it is likely that it will re-test the indicated support level and form point 5 before resumption of the uptrend.
評論: Following bottom support test of the pattern, the price formed point 5 successfully.
As BTC is being revived, XLM is on the way to the stellar stars once again)
評論: Despite current BTC downtrend, XLM managed to reach line 2-4.
However, caution is highly advised as these gains may easily be dragged down by current global sell-off mood. Volume dynamics should be monitored carefully as it can provide a tip for further moves.
評論: Stellar successfully broke 2-4 and this strong up move is being confirmed by bullish volume spikes:
snapshot
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