$XLM Stellar Bullish Butterfly

2 thg 2, 2022

We've only made it to the 1.13 so far, and at that point the (C)-(D) leg was too shallow to be a shark , leading me to believe we could see another move down to the 1.27. I do like the confluence there, but if we get some legs here and break back above the inflection, id consider that a failed downthrust, double bottom reversal if can manage a higher high locally and confirm the double bottom. Target on the confirmation would be the measured move, or a 2.0 extension from here.