Lower reaches and interesting rebound to seize?
STELLAR LUMENS (XLM)
The 2017 retracement (May 06 to September 09) on the support of 23.6% of Fibo was -76%
The V bottom under the 23.6% (-57%) was made quickly between September 10 and October 05, 2017
The retracement of 2018 (from January 03 to November 18) on the support of 23.6% of Fibo was also -76%
The current V bottom under 23.6% is of similar importance to that of 2017 (-61%): we can expect a rebound above $ 0.23 by the end of January 2019.
Nevertheless, with the range that I announce on Bitcoin for the next 9 months cf Related Idea, I don't think that XLM can start immediately bullrun because its course is closely correlated to that of Bitcoin.
Anyway, the XLM $ 0.1 would be the best entry point possible to seize ?!
WARNING:
This is not an investment advice.
Only invest what you are willing to lose.
Do not listen to any "prophet", only rely on your own opinion.
The 2017 retracement (May 06 to September 09) on the support of 23.6% of Fibo was -76%
The V bottom under the 23.6% (-57%) was made quickly between September 10 and October 05, 2017
The retracement of 2018 (from January 03 to November 18) on the support of 23.6% of Fibo was also -76%
The current V bottom under 23.6% is of similar importance to that of 2017 (-61%): we can expect a rebound above $ 0.23 by the end of January 2019.
Nevertheless, with the range that I announce on Bitcoin for the next 9 months cf Related Idea, I don't think that XLM can start immediately bullrun because its course is closely correlated to that of Bitcoin.
Anyway, the XLM $ 0.1 would be the best entry point possible to seize ?!
WARNING:
This is not an investment advice.
Only invest what you are willing to lose.
Do not listen to any "prophet", only rely on your own opinion.
So difficult to see it lower than $ 0.06 for those seeking the best acquisition price: