Long

Stellar Lumens (XLM) what to expect for long-term?

Dear followers,

It's a long time ago... Let's analyse a coin that I have for the long-term. What we see are huge gains for Stellar today. What can we expect coming months?

Personally, I think that after a months of consilidation we are ready for a new bull market for crypto in general and I expect that XLM will be one of the biggest gainers in this bullmarket.

Analysis:
XLM broke out it's descending triangle and the macd gives a positive signal as well. XLM formed a very strong support zone (buy zone) and it might be possible that we will test it one more time. If so, this is a great chance to buy XLM. We need a close above the purple resistance level to receive bullish confirmation. As soon as that happens we we will reach our first target and after a backtest our second target.

Buy: Now, after a close with a daily candle above the purple resistance level or if we test the buyzone one more time.

Sell: If we close with a daily candle below the buyzone

Targets:
Target 1: 0.34
Target 2: 0.457
Target 3: 0.616

The blue arrows are the possible scenarios.

Happy trading and good luck!

Don't hesistate to ask me questions.
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