TheMagpie

Stellar (XLM): A look at basic TA on a daily timeframe

Short
BITFINEX:XLMBTC   XLM / Bitcoin
XLM on the daily looks a little bearish now.

RSI starting to drop, MACD momentum is evening out and I expect a crossing over in the few days. The first red candle has appeared since October 1st.

Unless we see a big rally I can see us slipping further down as outlined in my last analysis.
Trade closed: target reached: TARGET OF 3800 REACHED 14 NOVEMBER

Comments

Sorry, there is a typo on the char, it should obviously read 'November 1st' rather than 'October 1st'
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