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Stellar (XLM) Price Prediction

Type: Image (jpg)

Submitter: Limitless

Submission Date: 2018-01-27 14:52:39 MST

Last Update: 2018-01-27 14:52:57 MST

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Stellar Price predicted to break $1 eventually.

https://www.coindesk.com/stellar-run-ahead-xlm-flirts-with-price-breakout/

The above chart shows:

Bull flag pattern: A close today (as per UTC) above $0.525 would confirm an upside breakout.
The relative strength index (RSI) has turned higher from a neutral level (50.00), suggesting scope for a rally.
Higher lows as indicated by the (blue) ascending trendline.
A bull flag breakout would indicate the pullback from the record highs above $0.90 has ended and the rally from the Dec. 28 low of $0.1774 has resumed.

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A close above $0.525 would open doors for $1.20 (target as per the measured height method – the difference between flag high and low added to breakout price).
On the way higher, XLM could face resistance at $0.7415 (Jan. 13 high) and $0.9823 (December high).
On the downside, a major bearish move would be seen only if prices drop below $0.39 (Jan. 22 low).
Broken glass image via Shutterstock

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.

Keywords: cryptocurrency news potential big profit

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