LumenLong
✴️ Stellar Renko Confirms Bottom ($1.83 New ATH 15X Potential)
The renko chart revealed the bottom for Stellar/Lumen (XLMUSD) back in July 2020.
The bottom is confirmed only as the new uptrend develops.
The signal comes when a new brick is laid down and the giveaway is the extremely high volume.
3 years later we have the exact same signal (July 2023).
We have a hammer candlestick with the highest possible volume followed by many new green bricks.
This renko chart is saying that XLMUSD is entering a new bullish trend.
The potential for a new All-Time High goes to 1.83, more or less... In this case it can be just 1.09 based on how the fibs worked in the past... But the potential is there for so much more.
The 1.83 target would be around 15X (1,500%) or so from the current price.
I cannot thank enough the person that I suggested I look at these renko charts.
Sending my appreciation.
Namaste.
The bottom is confirmed only as the new uptrend develops.
The signal comes when a new brick is laid down and the giveaway is the extremely high volume.
3 years later we have the exact same signal (July 2023).
We have a hammer candlestick with the highest possible volume followed by many new green bricks.
This renko chart is saying that XLMUSD is entering a new bullish trend.
The potential for a new All-Time High goes to 1.83, more or less... In this case it can be just 1.09 based on how the fibs worked in the past... But the potential is there for so much more.
The 1.83 target would be around 15X (1,500%) or so from the current price.
I cannot thank enough the person that I suggested I look at these renko charts.
Sending my appreciation.
Namaste.
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