Stellar Lumens Long-term | Weekly Chart Analysis | Over 800%

AlanSantana Updated   
BINANCE:XLMBTC   Stellar / Bitcoin
Let's take a look at the Stellar Lumens (XLMBTC) chart long-term, on the weekly time frame...

Let's start with the chart pattern, we can see the classic bullish falling wedge.

XLMBTC is breaking pass the "major trendline" in red. Moving above this level would put XLMBTC above resistance and a new trend can start to take form.

So the market moves in cycles... First, we have a downtrend, the uptrend comes next... How long will it last?

  • The RSI printed the same bullish pattern and hit its lowest point ever, oversold... After a strong bounce, it is showing plenty of room left available for growth (green arrow).

  • The MACD also reached its lowest point ever and is now displaying a bullish cross... Plenty of room available for growth (green arrow).

This is the long-term chart for Stellar Lumens (XLMBTC).
You can see the indicators oversold and sending out strong reversal signals... There are over 800% profits potential to XLM ATH on Binance... Surely, this pair will generate so much more gains/growth in the weeks, months and years to come.

What's your take?
Share your thoughts in the comments section below.

If you are looking for short-term analysis, you can find the daily time frame chart below:
Stellar Lumen vs US Dollar (XLMUSD)

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