sachu_blessyou

Looking For Pullback Long-term Very Bullish

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COINBASE:XLMUSD   Stellar
Based on a Fibonacci retracement from the ATH to the low, we can see that price has been moving in an uptrend from level to level. We've made a new high and we are now due for a pullback. This aligns with Bitcoin which looks to be due for a pullback as well, which leads me to believe we'll see price hit the 0.382 level. This is outlined by the orange arrows, the market is very bullish so my other scenario is in green where we go straight to the 0.7 level. It's also important to keep in mind that there is a weekly ichimoku bullish cross looking to happen in the next few weeks which would not only create a large upmove, but would usher in a new bull market for XLM. For this reason and the strength of Bitcoin I'm very bullish for XLM in the future.
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