Stellar (XLM) Analysis 6/20 XLM-USD

The Stellar double bottom has not been able to establish itself as a stable support zone, so in the current market phase of the correction the 78.6 Fibonacci Retracement has already been launched as a last line of defense in the range of $0.22. The intraday low was even formed at $0.20 on June 13th.

Currently it can be assumed that a complete correction of the upmovement is to be expected before a sustained upward movement can start.

Accordingly, this would mean a price target of around $0.15. This also fits very well in conjunction with a five-waved of wave-c ending. This would process a typical flat correction area.

This is NOT investment advice and does not require buying or selling. Every reader is aware of this and makes their own investment decision with their own understanding of risk management!

Cheers Jessy