Is XLM Ready to Follow XRP Growth Patterns?
If you check out some of my other published ideas, they are mostly about the rise of XRP/Ripple from 0.75 to it's current high of around $3.20. There's some significant pattern recognition where upswings are following by short profit taking sell-offs and then an ever decreasing consolidation period. Stellar is just settling down from it's first major bump and is now showing the same short period sell-off. I await to see if the short period consolidation follows and then it'll show us the XRP pattern it's going to follow to higher prices. XLM is a similar token to XRP, and much like trading similarities seen between BTC and LTC...I'd guess that XLM will soon follow XRP to the $3 mark.
Note
Apologies, I inadvertently linked Stellar as Stellar Lumens...so please replace Stellar with XLM wherever mentioned.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.