Stellar 100% Potential Mid-Term (Weekly Timeframe)

1 Jul 2022

We have strong signals coming out of this chart in favor of the bulls, let's look at those.

This is XLMBTC (Stellar) on the weekly timeframe; aka. Long-term.

First, notice the broken downtrend-line.

This trendline marked a bearish trend that lasted more than a year.
This bearish trend has been broken.

Second, we have a long-term higher low, since December 2020.
1.5 Years and the old support wasn't even tested, this is a strong signal in favor of the bulls.

Trading volume continues to increase week after week.

Above 9-May's low (0.00000391), we are strongly bullish and expect additional growth.
Below this level, we stop any trading at a loss.

Namaste.