After making a correction from $0.30 USD resistance price nearly dropped 60% To $0.17 USD in between $0.1 and $0.3 USD key levels and now it's retracing up as per the applied Fib levels after a short consolidation period. In the latest analysis on XLMUSD published on Dec. 20 it projected price would reach $0.4 USD. Although the recent drop in price might have diminished the projected outcome, the biased bullish view on Lumens still continues to be valid as the new target is set to reach $0.42 USD according to this updated analysis.
Operación cerrada: objetivo alcanzado
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Price reached $0.42 USD. Await on the next analysis.
Great feedback, are you suggesting a cup and handle formation?
learnitradewin
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@mew17, Thank you but not exactly a cup and handle. I see it as more of a breakout from a consolidation although the support will be the previous all time high so far.