A few days ago I made an article about Stellar and how this beautiful coin that I have a really strong sympathy for, should not stay this low!
Previously I said that XLMUSD have made a bullish pennant which should result in another bullish movement anytime now...
Today something amazing happened, XLM shot upside like a rocket going double it's price!
Yeap, XLM went upside for more than 100% of it's price...
Price went up, breaking a strong resistance at 0.206 area which you can see that the very same area being beautifully retested!
What happened next?!
There was another resistance zone at 0.236, which was a pretty strong one and also got retested! This assured us that this move isn't just a pump'n'dump thing. Keep in mind that zones do not get retested at the exact same prices, sometimes they come close for like 5-10 pips this is what you should keep in mind when adding TP (take profits) and also SL (stop losses) and as well when you add pending orders.
I do expect that price might come back at the 0.23 area once again! But that is to early to say right now. We have to wait a see how price reacts right now but for sure this is the year of Stellar as well.
I do believe that Stellar can easily reach 1$ very soon!
What do you think about Stellar?
Posted Using LeoFinance Beta