Hallucination Defined

8 jul 2023

I don’t think the bottom is in. This market always manages to tear everyone apart before taking off. Price has a strong pre-established support at $0.026 and all it takes for the price to go from $0.098 to $0.026 is three big juicy red candles. Logarithmic regression line points to a target of $17-$20. I’ve also drawn an imaginary line as resistance for the target of the cycle. We need a $460 Billion Market Cap for a $17 XLM. I’m having hallucinations and I haven’t even taken any drugs, so don’t tell me to get off the crack pipe. I do not have a single logical reason to prove the price is gonna hit $17 but it’s fun to daydream. If we consider the last bull run from 2020 to be wave 1, then 1.618 level of wave 3 translates into a $17-$18 price target.