the_kegs

the_kegs Updated 

XLM is one of those assets that has just been beaten down again and again with no real push off of the lows. It's becoming too good of an opportunity for price appreciation and I believe it's primed for a breakout. Beyond some of the technicals I'm showing here there are also numerous fundamental reasons I think Stellar is overdue for some price appreciation. ...

the_kegs

This is a follow on XLM/BTC pair chart I posted earlier to elaborate on the idea that a breakout could be in order for XLM. As with many other severely beaten down alts, XLM is beginning to show strength on the BTC pairing.

the_kegs

For BTC a close above 22,181 will confirm break above local resistance and put it on top of the 100 day moving average for the first time since 40k in April. the 22,181 level also has confluence with the bear flag breakdown from 30k and the uptrend of support we have had since June.