The graph above speaks for itself and is how I see it possibly performing in the next few weeks. This coin has plenty for potential and has earned respect and good press which has helped it gain new and sustain heights over the past two weeks. The future is bright but only time and public sentiment will tell if it is given a chance to live up to it potential.This is one of my favorite coins for doing well so lets see what happens...
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With the weight of BTC is pulling many of the other coins, we could be looking at a retrace to the .786 fib line or .37. It could also just bounce again off the 50% retrace it hit a week ago, time will tell us more. BTC is getting pulled down fast to its major support at 7900 so this retrace may not take long...!!
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So with all the excitement BTC brought everyone down with no exceptions... This meant for XLM, it was taken to a double bottom past my expected .786 fib or .37 price to .294. I will expect to see a good rebound from here up to .53price or .618 fib retrace, come back down to the 50% fib at .49 price before continuing up. This is how it could play out but the market has been making everyone suffer so at this point expect anything to happen until we break the last high of .667 price when a new bull trend would be confirmed.