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saleem86
Oct 26, 2018 9:35 PM

The Downtrend has not ended for Stellar  Short

XLM / BitcoinBitfinex

Description

Stellar is showing a Downtrend, I'm expecting it to continue like this, until it reaches around 0.000034 BTC, which it should be a strong resistance level.

Check the triangle, as it's still going through it, RSI is similar, it might reach 20% where usually it's going up around 0.000034 BTC also.

If it breaks any line of the triangle, it will cancel this analysis.

THIS IS NOT A FINANCIAL ADVICE.

Comment

Hi guys,

The next candle will either break up or down. Wait for it.

Comment

The current candle has broke a resistance line confirming going down to 0.000034 BTC.
I'm not sure if there is any resistance line before 0.000034 BTC

Trade closed manually

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