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.
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.