Stellar Lumens: Delay

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Stellar Lumens: DelayStellar Lumens / US DollarCOINBASE:XLMUSDHKCM_GlobalXLM posted a strong advance recently, which has delayed progress in our primary scenario that still calls for additional selling pressure. Within our green Target Zone, between $0.13 and $0.07, we continue to expect the low of the broader downtrend that has been in progress since 2018, followed by a major reversal to the upside. As an important first step, the altcoin should then move toward the resistance at $0.25. Alternatively, it remains possible that XLM has already established the low of the large downtrend at $0.13. In that case, our Target Zone between $0.13 and $0.07 would no longer come into play. This wave count would be confirmed by a direct break above the resistance at $0.25. The probability of that scenario stands at 34%.