jpbrown1023

XLM - Indicators are Bullish

BINANCE:XLMBTC   Stellar / Bitcoin
XLM has been selling off like it has the plague. This may however set up a nice short-term trade. It's daily RSI is 17 which is really oversold. The price action is in a falling wedge and has hit strong support. I think the bears may be exhausted and it could give the bulls an opportunity to seize the moment as long as BTC remains stable. Bullish divergence can be seen on the MACD as well. Keep on eye on Stellar for a price reversal. The signs are there.
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