Stellar just printed a huuuge bounce candle on the four hour chart, creating a nice accumulation zone support level. In my last post, I said that we would likely see XLM fall down to the top of the ascending wedge, or the 38.2% retracement level, and Stellar has done exactly that. Now I'm watching for a confirmation move higher. I will also be watching for a bullish cross on the MACD. The all time high will be in play, if Stellar trades above the 23.6% retracement level, around $0.75.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***