XLMUSD: Pretty Confident Bounce
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12/06/2018
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XLM is a very volatile coin that has been on the downtrend for some time. It is right now correcting itself from the previous drop. If we look at Williams Alligator and the Awesome Oscillator we can see a bullish trend. This trend will likely reach the first resistance @0.1416. After this two things can happen. A rally to the second resistance @0.155 and maybe even go further to the strongest resistance @0.17 . However it is more likely that is will rally towards @0.1416 and then drop. Still an easy long position here.



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XLM
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Price of stellar formed a solid support above the $0.1000 level and rallied above the $0.1050 and $0.1100 resistance levels. On the upside, the next major resistance for buyers could be $0.1150 or $0.1200.

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Stellar has grown 3,736.57% since it first started trading. Stellar had about 42.00% winning months of its total trading age of 52 months. The price of Stellar dropped as much as 26.00% in a single day on Tuesday, January 16th 2018. Stellar grew as much as 50.91% in a single day on Thursday, January 4th 2018. Stellar increased as much as 428.05% in a single month, in November 2017. However, we are currently looking at a Stellar Lumens bullish confirmation. The outcome is likely to be one of the 2 following scenarios: Scenario #1: A sideways movement between 0.17 and 1 USD. The longer the price evolves within this purple price channel, the more potential upside for Stellar’s price. Scenario #2: Follow through that leads the price to 0.35 thus the upper side of the horizontal channel which will ultimately lead to the major breakout once the price crosses above 1 CAD. Stellar (XLM): There are more than 1,900 crypto coins in the market today and each has a solution it is trying to solve. Surprisingly, none of these can claim monopoly in their jurisdiction but some have superior value propositions backed by a strong unique technology and Stellar Lumens (XLM) has so far impressed the investor as a global financial system. Stellar (XLM) is rated the sixth largest and most valuable coin in the world. However, its success is based on its development progress for the last nine months. The bearish market has not deterred the platform from gaining more visibility and this has resulted to additional adoption. Here are 5 reasons why Stellar will dominate the financial sector in 2019 and beyond.

XLM
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If you have been shorting XLM.....you made money. But you made less than if you had picked virtually anything else in the space. Way to go.

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