Biffy

XLM Huge Pennant Update

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BITTREX:XLMBTC   Stellar Lumens / Bitcoin
XLM doing very well so far after it's breakout of the pennant formation, i expect the bullish momentum to continue, the fibonacci fan can be used for selling targets if we see a huge rally as a consequence of the breakout.

In the short term, the 4000 satoshi level should act as a good support for accumulation, but it is possible that we may see a correction down to the 3500 levels if the market conditions worsen.

The target is pretty speculative, i dont expect the price to head straight there but I beleive it is very possible.

Biffy

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