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what's going on guys it's jordan back today with another video today's second video and in today's second video we're gonna take a look at stella lumens or xlm and see what it's doing on all the time frame charts so why i think we're gonna get a move to the upside of the downside by friday just like cardano so if that sounds good to you guys make sure you guys press the subscribe button if you were new and you enjoyed today's video now um i just just to give you guys a quick update i just ordered a new camera that i can live stream on so i will bring in you guys live streams i know i got tons of requests for live streams in my comment down section down below so um i'm going to be coming out with live streams probably going to start with doing maybe one or two a week until we get a little more traction on the live streams but make sure you guys are looking out for that in the immediate future um my camera should be coming around friday so maybe my first live stream will be this weekend so make sure you guys are looking out for that i'll keep you guys updated but as we jump on into the four hour chart for stella lumens that's right on the screen here we have two possible patterns that we're in we could be in this smaller kind of more compact symmetrical triangle with the top yellow line in the bottom yellow line either way i think this yellow bottom line is secure as our support here we keep kind of expanding our symmetrical triangle every time we draw it but we also could be in this um you know this more declining um with this red line here converging with the bottom one as well and this one converges just like we talked about in our previous video where cardano this one converges on the 29th of january so we could see a major move by the 29th of january you guys can see how significant this resistance line is here and we're just getting hugged right with our lower support right and you guys can see how close we are getting in here now it is possible we can bounce around in here um but if we do move on up to the upside and we break out of this um symmetrical triangle with the red line um expecting move up to at least re-test this um line here which has been resistance multiple times as well as you guys can see um so if we do break this red line make sure you guys mark this on your stellar lumens charts um if we do break this red line we're going to come up and retest this yellow line probably about about 30 cents mark um somewhere around there um it's kind of a ascending triangle with a that has a slight um a slight not bare minimum um slope on it i mean you could draw it a little bit flatter like this cutting off a little bit of the wicks so maybe we'll keep it like that but you know expecting move up to around 30 cent mark if we do break this red line um to the upside if we do end up breaking the support to the downside uh be careful of the wick we've seen major wicks here but these wicks uh keep getting bought up you guys can see the crazy buy pressure we have on the bottom here um so the uh you know the big market movers and the institutional investors are buying up this coin and buying up all kryptos if you guys look at any of the crypto market um coins you guys will see these big wicks on the bottom which indicates massive by pressure there but if we do break out to the bottom we'll give you guys a measured move here if we were to break out to the bottom um this is the worst case measured move of the symmetrical triangle doesn't mean it has to happen but we'll take it from our apex and uh this move for our symmetrical triangle will bring us all the way down to eight cents uh i don't see that happening guys i don't see that happening there um that's just a measured move i think most likely we would if we did break down the downside it would just be to probably retest um you know probably between uh 23 cents and this high here at about 20 cents somewhere in that range if we were to break out to the downside there i don't see us going lower um we already did retest this level twice so i i don't really think um we have necessarily have to do that but um you know we'll see what happens i think it's most likely we break this red line up and at least re-test the top of this yellow symmetrical triangle which i measured move out of this if we were to break that to the upside uh we'll look at that real quick for you guys so our top to our bottom here measure move to the upside on that if we were to break out sometime around this area um would be about that 40 cent mark so make sure you guys are looking out for that for the bullish scenario um now let's jump onto the daily chart here we have our classic hidden bullish diversions which is super huge same thing we just looked at as cardano we're getting higher lows in the price action but lower lows in the rsi so that that should push us to the upside um out of this triangle here um so we have to wait and see um we have our 50-day moving average let's keep crossing up um right to these two wicks now it's another reason why we should see major support at that 23 cent level if we do take a dip to the downside but this bullish divergence or this hidden bullish divergence i should say to be a little more technical for you guys get technical analysis a little more technical but you guys get you guys get the weird joke but um yeah hidden bullish divergence should push us back to the top of this triangle if not prosper to break out to the upside at some point in the next few days to week so um switching on over to the weekly chart here guys um this is a fractal that we've looked at numerous times for stella lumens and why i'm still super bullish on this you guys know we have this green line um in our first this is the previous uh bear to bull market back in 2014 to 2018 this is our current one from 2018 to 2021 so far we have this green line which uh you know was our resistance um just back in november it was our bear market support so before we ended up breaking down further we got support on this line here and we did the exact same thing back here in 2015. we came back down had support on this for a while right and before breaking down and really starting our bear market um and then we came back um retested it once right same thing came up retested it another dump down ended up pumping up above it coming back down retesting it as support here um just like we did here we came back up retested it as support and you guys can see exactly what happened after that now i don't think we're gonna see a crazy candle like this guys look at how crazy this candle was back here um this was a um a thousand uh or sorry an 11 x candle that's absolutely crazy i don't think we're going to see anything like that but you guys can see after we retouch this and we consolidate it for a few weeks what exactly happened after that we had an 11x literally in the span of about three weeks so don't think like that and it's gonna happen um but i do expect a decent move to the to the all-time high at least over the next um you know probably one to two months in my opinion so um that that is pretty much the video instead of lumens today a little bit quicker of a video have a couple things that need to get done today i'll work on the live stream for you guys like i said make sure you guys are looking out for that possibly as the first live stream coming out sometime on saturday and sunday i'll keep you guys updated on when i actually get my new camera um i ordered it online i have to pick it up from the store it says it's probably going to be there on friday so tentative on the first stream but um i'll let you guys know on that one uh if you guys are new to the channel and you guys don't want to miss any of my content i come out with two daily crypto videos for you guys every single day and like i said we'll be coming out with live stream shortly as well make sure you guys click that subscribe button if you guys enjoy today's content i want to see future content so that's uh that's about it today you guys um i'll see you guys in tomorrow's videos i hope you guys enjoyed the rest of your cold wintry tuesday night it's snowing up here in new england i don't like that but uh yeah i'll see you guys in tomorrow's videos peace