$XLM/BTC longeterm bullish targets

16 Mei 2021

XLM, Stellar, another old coin ready to go for a ride.

For XLM using 2 set of fibs.
1st fibset is old one used in previous cycle with the never reached target of the 2.618 fibline at 8.5k satoshi, making it the first target for this cycle.
4.236 of the first fibset at 14k satoshi market another interesting point which together with the 2.618 at 16.5k satoshi of the new fib set makes up an area suited as the 2nd target.

Finally the 4.236 fibline of the new fib set at around 26k satoshi which is the final target from my perspective.

In case of XLM reaching all the way up to 26k satoshi and showing real strength one should consider the price breaking upwards into another fib set, which I plan to update accordingly on the chart depending on future circumstances.