Pressure Forms Diamonds - Make or Break
Not financial advice. XLM seems to have been following the mid 2017 bull cycle fractal but since the crypto market has grown and their are more willing buyers/sellers the longer it can take to play out. That's how markets are typically but as long as the price holds up and doesn't smash through support deviating from the fractal we could potentially see a big bull run.
Important Support Area: 17-18 cents
Another reason I believe this may happen is because if the United States imposes sanctions and kicks Russia off of the Swift bank transfer system they may find an alternative method. Ukraine is actually working on their CBDC using Stellar so in general we may see a wider adoption of these technologies this year and in the future. We may be heading down in the short term but it really just depends on Bitcoin of course.
If Putin invades Ukraine this will likely be a major transitional time in history especially if the United States stock market collapses. On the Brightside throughout history after bubbles pop the money never seems to go away it just goes somewhere else but it can be tricky when other markets could see short term pain.
I am bullish long term on XLM regardless of the short term volatility.
I wish everyone the best luck
Important Support Area: 17-18 cents
Another reason I believe this may happen is because if the United States imposes sanctions and kicks Russia off of the Swift bank transfer system they may find an alternative method. Ukraine is actually working on their CBDC using Stellar so in general we may see a wider adoption of these technologies this year and in the future. We may be heading down in the short term but it really just depends on Bitcoin of course.
If Putin invades Ukraine this will likely be a major transitional time in history especially if the United States stock market collapses. On the Brightside throughout history after bubbles pop the money never seems to go away it just goes somewhere else but it can be tricky when other markets could see short term pain.
I am bullish long term on XLM regardless of the short term volatility.
I wish everyone the best luck
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