I am using a Modified Schiff Pitchfork and an ascending channel to show the possible price targets for XLM on a weekly chart. You can see how XLM has been respecting these low points on both the ascending channel and the MSP (modified schiff pitchfork). This is extremely crucial to take notice of as xlm is respecting this bottom already three times (in 2017 $0.0018, 2020 $0.02, and 2022 $0.17) as shown by the yellow thumbs. XRP has a similar chart as XLM came out of Ripple's loins with Jed McCaleb at the helm. I am extremely bullish on this chart long-term. Can we break this channel? Most certainly we can break this to the downside as nothing is guaranteed but I highly doubt it, my opinion only.
Also, take notice of the top for xlm in 2017 hitting a high of $0.99 which represented a 51,000% increase. If we carry this over to the next possible cycle top for 2022 and 2028 we see a $99 price and into the thousands by 2028.
Also, take notice of the top for xlm in 2017 hitting a high of $0.99 which represented a 51,000% increase. If we carry this over to the next possible cycle top for 2022 and 2028 we see a $99 price and into the thousands by 2028.