Stellar (XLM) Since Nov. 2020 | 140% Mapped

Aug 14, 2021

This is one of the big ones... Stellar is #18 by market cap. compared to thousands of altcoins.

Here we are looking at XLMBTC (Stellar vs Bitcoin).

This chart goes back to Nov. 2020 until this date.

We can see a strong ascending channel, really wide, and we continue to see higher highs and higher lows.

Notice the falling wedge pattern that forms before each bullish wave (marked with blue lines).

The current one has been going for longer than the previous ones... Growth can start happening anytime.

Additional signals:

• We can see XLMBTC moving above EMA50.
  
• We can see a strong RSI.
  
• We have the already mentioned higher low.
  
• The falling wedge...
  

Notice how the trading volume has been completely flat since prices peak in May. This signals consolidation.

The next move is likely to become a strong bullish break.

Namaste.