Stellar $XLM is breaking out after holding support between $0.2053 -0.3628 which is the golden pocket for a retrace from the lows made on the 4th of November to high made above $0.638.

I believe we topped in an Elliot wave 1 and started a pullback in a wave 2. Since the targets have been hit there is a chance we have a low in the wave 2 and rally in a wave 3 is just getting started.

$0.4733 and $0.61 are my next targets for this breakout move.