Over the course of ~6 years, XLM has been trading inside the pattern drawn on the chart. With the price reversing from the bottom support early January, we can make a good case for the idea that the bottom is in.
At the moment, we're likely going to see a long period of accumulation, maybe a year or more. The top resistance will function as the main target for the next bull-run, which could net in some decent long-term gains.
For better readability I've copied the previous bull-run in yellow. This is not my prediction, but merely an indication.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.