Stellar Lumen, About To Form A Flag-Formation-Breakout!

Hi,

Welcome to this analysis about Stellar, we are looking at the 4-hour timeframe perspective. Stellar is one of the more volatile currencies in the last times within the cryptocurrency market and as I discovered now it is forming this important descending-channel in which it already completed the wave-count A to C in the structure and bounced within the lower supports and EMAs lying there, when Stellar now manages to breakout above the upper-boundary this will be the proper continuation-setup and completion of the formation as a bull-flag. Realistic target-zones lying in the dynamic-target-zone marked in blue in my chart then, when Stellar reaches these zones it needs to be readjusted if a bullish continuation right away is possible or firstly pullbacks show up.

In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
"The high destiny of the market is to explicate rather than to speculate."

Information provided is only educational and should not be used to take action in the market.