KRAKEN:XLMUSD Fun Fact: Stellar Lumen (XLM) is just 1 of 8 cryptocurrencies considered 20022 ISO compliant and only 1 of 2 compatible cryptos that is a Member of the ISO 20022 Standards Body. Why is this important? Well, with all of the looming government regulation, it will be considerably important in the near future. Simply put, would you trust putting your hard earned money into a product that lacks universal standards, testing or calibration over a product that does? Most would answer "No!" and for good reasons. With the current monetary system being challenged heavily by fintech startups, digital payment/settlement industries and governments pushing for CBDC's, it is inevitable that change is coming for the entire landscape of Crypto currency. The question is : Are you ready?
Let's look at Stellar Lumen and identify the current market structure. We can see fractal history and similarity from previous blowoff tops... As you'll note from the circled areas, that similar patterns emerge in the structured breakdown of this bear market when compared to the prior. Does that mean it will play out the same? No. But we do know that market Psychology does repeat with boom and bust cycles. That said, let's see if the current projection mimics the previous lower low, before taking off into a new bull market cycle.
Good luck! Note: Not Trading or Investment Advice. Entertainment ONLY
@shri30389, yup, but the fact they are members of the ISO body suggest they're onboard with the process to become certified... ;) thanks for the comments.
antempire4
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excellent work! XLM has a bright future!
Solldy
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Great analysis of the asset, I don’t really like analyzing this asset, but your idea is very high quality. Great work, colleague!