Bottom Line: Higher against 0.1192; in a developing (iii) wave at larger degree. Outlook: Against 0.0667, the focus is on higher in a developing advance, wave (iii) of ((iii)). Analysis: We're watching for evidence a XLM ended its wave ii correction at 0.0726. A break above 0.1008 would bolster that outlook and setup a challenge of the next key level at 0.1192.
Stellar - Weekly Bottom Line: Looking towards a break above 0.1192.
Analysis: Stellar has struggled but appears to have stabilized with a low at 0.0779 this past week. Breaking above 0.1192 is the next upside objective for the bulls. Against this level, sights are set on higher towards a challenge of the key August 2020 peak at 0.1192.
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