A while back I posted how LSE:XLM has maintained a rise in price similar to the fractal from the initial bull run. Here below we have the dark pink fractal, green fractal and yellow fractal; all are clones of the 1st bull run. What we see is the dark pink fractal concluding with a top about the same time the markets topped. The green and pink fractals are...
Look at the price action of 2016-17 and look at the current price action. I just wanted to highlight the main points of correlation. The trend lines are clones from the 2016 price action and fit well into the current price action. The fractal is what the price action could be if it follows the pattern of 2016-17. First major move top target is 1.8-2.8 Second...
Building on my previous post....more information to consider. Xlm moves last, fast, and past your favorite crypto asset in gains.
Fractals. If they are demonstrating the same pattern, then when do we stop ignoring the inevitable? Yes, the last fractal didn't complete to the top. Well, thats why I give a range between the two horizontal red lines for possible region that XLM might top at this cycle. Personally, I think we reach the upper red line by the Nov-Dec 2025. Liftoff has commenced!
- 2019 Oct - 2020 Mar : Price should reach 1 XLM = 0.17 USD, then - 2020 Apr - June 2020 : 1 XLM = 6 USD, then - 2020 July - Nov 2020 : 1 XLM = 1.25 USD, then - 2020 Dec - Mar 2021 : 1 XLM = 90 USD, then - Retire.
In looking at the monthly USOIL chart, I conclude that the oil will rebound to the range of $42-$44. My analysis is purely technical as I use Bollingerbands and RSI. Any feedback on this would be greatly appreciated. For an entry point on the long position, I recommend the range of 34.4-34.5.