$XLM updates
I am trading a very promising coin today, Stellar, ticker is #XLM.
I didn't pay much attention to it that much, but I accidentally saw its weekly chart(pic 1). This coin has just broken through the cage and shackles and completed the backtest.
Now it looks like it is resuming the upward period, so it may have some potential in the short and medium term.
Then we look at the 1-hour chart(pic 2), and I see a W shape. It wants to complete this pattern. This has become its current mission - to reach around 0.09822 and then go down maybe.
We also see an interesting red candle on the 5-minute chart(pic 3), with surprisingly large trading volume, which makes me more convinced that it wants to go to around 0.09822.
This morning was a good time to go long, and then let it complete its wish.
It may start the downward mode now, and the forecast may be around 0.09658.
It is also possible that it will break through 0.09822 and continue to climb higher.
let's see what will happen.
