Very clear bear divergence on . No to justify price increase.
some TA here shows a channel for xlm up to 5500 area. I'd watch that level and sell at the first sign of LL and LHs.
At minimum, you can wait for it to reach bottom of the channel and reenter.
At maximum you can let a longer consolidation period play out. you could 2x-3x your XLM stash in this scenario.
Please, the suspense is killing me!
What do you see different?
Your identification of btc going up in price while xlm went through it's surge is even more reason to look for consolidation.
Consolidation is healthy in a bull market. Xlm went up nearly 100x in USD value in 3 months.
Just like eth, neo and all the other legit coins that went on a bonkers bull run, there needs to be a multiple month period of consolidation. The moving averages need to catch up, the weekly and monthly chart indicators need to reset.
Very hard to say.
I've been surprised by the bullish action so far.
In my opinion btc is headed to sub $7k prices in the next few days and then there will be the actual bounce everyone is waiting for.
So xlm could easily dip below 30 cents again because every coin gets trashed during a btc dump.
It keeps bouncing hard after every btc dump, so sub 30 would be temporary.
I think 40-50 cents is likely in the coming couple of weeks.
The xlm/USD chart puts 45 cents at a pretty important point of support/resistance, depend in on which side of the line you're on.