Hello friends, it looks like XLM has formed ABC correction in bullish flag pattern as illustrated in the chart. XLM managed to close above the important support around 0.116 which was a strong resistance back in July-August 2020. I expect the price to pull back to 0.14x support zone from here as identified in the chart; if it holds, expect XLM to bounce to the upper limit of the flag. It is also possible that XLM drops all the way back to test the bottom around 0.11x - 0.12x. In all cases, as long as we stay above 0.116, XLM looks bullish in the medium term and any pull backs should be considered buying opportunities!
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Please share your thoughts and if you like this idea, please like and follow.
Good luck and ensure proper risk management!