XLM has closed a daily candle above the 200 period EMA, and above the 50 period MA. It has also risen strongly over the Fibonacci level at $0.26. The MACD and RSI are positive as well. Stoch RSI is in the caution area of the overbought. Volume is just OK
At this time XLM looks set to reach $0.338 which is the 0.5 of the Fibonacci level. A close over 0.5 will signal a bull run for XLM.
Of course all this depends on the overall market IE Bitcoin. If Bitcoin shows a turnaround into a Bull move XLM can easily reach it's old high well ahead of Bitcoin recovering it's previous high. If so XLM would gain 300% from todays price.
XLM is an excellent product with a great team and working applications in the real world. XLM is growing with new alliances and active promotion. XLM also boasts an active community of investors.
XLM should be a part of everyone's long term holds in my opinion. (Make your own decisions of course).
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All statements and expressions I offer are my opinions, and not meant as investment advice or solicitation. Information provided is not personal investment advice. Seek guidance from a professional investment advisor before trading or investing. Trading cryptocurrencies can be a potentially profitable opportunity for investors. You should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose. I am not a registered investment advisor.
Wishing you success,
Isaac
