Mr_Guapo

XLM/BTC reatching a crucial moment

BITTREX:XLMBTC   Stellar Lumens / Bitcoin
XLM showing a very interesting path compared to BTC. Because we are still bearish and if BTC falls, alts fall a lot harder, and because I still think we are going to test 5000$, I believe XLM will fall to 0.0000275. Indicators showing bearish signs, such as the MACD. Also the 50 day moving average is about to pass the 20 day moving average. This is usually a bearish sign! If XLM can't hold at 0.0000275, we might see it falling to 0.000015. I would say only buy it when we have a clear perspective of where the market is leading us. However if we go bullish, we should expect XLM to test 0.000044. For now im bearish on XLM, it still has to go down for any investment.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.