Chivashon
Long

$XLM - Stellar Lumens Daily Chart

BITTREX:XLMBTC   Lumen / Bitcoin
Stellar has been a popular coin on the markets and has a good long term monthly and weekly chart so I am looking for entry here to start accumulating come tokens. I wait for a trend change and right now with many other coins at this point in the market we are in a bearish channel . There was an indication of a trend change for Stellar on 5/24 though today we see a red candle forming showing the trend change may have failed. The AC oscillator is positive though with today's selling pressure may change this. the BB% is trending down right now and seems we will not be breaking the channel today.

For an entry I need to see the AC oscillator remain above the zero line and we need a daily candle to close outside of the current channel. We need to see a channel break and a break of the next line of resistance I have drawn around 3917 SATS . Though if the bearish trend continues we will not see support until 3624 SATS for a possible rebound.

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