XLMUSD The bottom is in. Significant upside potential.

2019年9月2日

I am looking into Stellar on today's crypto study, which is giving me a strong sign that the bottom to this downtrend may be in.

I am comparing the current candle sequence with a the 2017 fractal, right before XLMUSD took off to a 5500% parabolic rise in a period of less than 100 days. A rise of that magnitude of course depends on a variety of factors so I am not suggesting that XLM will skyrocket by that much in such a short period of time. But the comparison may be a good indication to call the bottom at least and allow traders invest a portion of their crypto portfolio on Stellar.

To be more exact, on the 2017 sequence, a 1D Golden Cross quickly succeeded a Death Cross, which is a few days printed a long wick bearish candle. A similar pattern emerged now, with the exception that following the closing of that candle, the price is gradually extending the decline. My idea is that it gives traders the opportunity to buy using the end of the wick as a stop. Low risk on what can be a huge return trade.