🚀 Stellar ($XLM ) Just Flipped Bullish – Eyes on $2.50? 🌟📈
🔍 Technicals Heating Up on the Daily Chart:
• RSI: 55.38 – Momentum building
• MACD: Bullish crossover at 0.005
• ADX: 37.06 – Strong trend strength confirmed
• 1W MA50 Rebound: Price bouncing from weekly support
📐 Chart Pattern: Long-term Triangle in play.
• Medium-Term Target: $0.55 (top of the triangle)
• BIG Picture Potential: If price breaks the LH trendline, we could be looking at a parabolic rise to the 1.618 Fib = $2.50 — just like the 2016–2017 setup!
🔥 Structure Flashback:
Price action since mid-2024 mirrors late 2016: steady climb, healthy retrace to the 0.5 Fib… and then blast off to major extensions!
🎯 TRADE IDEA:
Long Bias:
• Trigger: Break + close above the LH trendline
• TP1: $0.5500
• TP2: $1.2000
• TP3: $2.5000
• SL: Below 0.23
#StellarSurge #CryptoCharts #BullishSetups #FIBO #CryptoTrend