STELLAR – XLM – ATH? Not this time.

BITTREX:XLMBTC   Lumen / Bitcoin
Hi Traders?
We hope you are doing well.

Stellar has been mooning lately but… Don’t chase the green candels. After sharp rally there is always sharp fall. We observe this also this time. Market is still unstable and insecure. Don’t invest your money hastily.

We love this project and we hope to see real mooning within upcoming months. It will happen for sure once, overall, bear market trend will turn into bull market. We are sure that XLM would be one of the first crypto which will rally and give us massive returns. But we have to wait.

Looking back at the chart we can see local double top with unfortunately second peak at lower level and decreasing volume . This is a bad sign.

RSI – negative convergence which means SELL
Weis Waves – After long and relatively sharp green wave we observe much smaller one. We can now expect no demand and lots of supply.

Guys. This is not the end of the world. The right time will come. For sure. Right now it is too dangerous and may cause losing money.

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Nice analysis. I agree. I walked away when I knew I missed my entry point. Until next time
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