XLM (Stellar Lumens) - bounce incoming?XLM has completed a retracement to 0.786 fib. This is typically a very strong area of support.
The price is currently sitting in the golden pocket, between 0.618-0.65 fib which is also a good area to see a bounce.
If the price can hold above these area, then expect it to move towards the green box for >50% increase.
If it cannot hold these fib levels then it will likely break down further and move towards the red boxes 35% decrease.
Note the lower red box lines up with 1.618 fib level and as such is a stronger level of support.
