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Aswragentu
May 3, 2020 3:09 PM

Correction incoming ! XLM/EUR ! Short

Stellar / EuroCoinbase

Description

Bear diff on daily [ lower time frames there're 3 consecutive bear diff in a row ]!
We are at the top of the sideways channel we're in from when XLM dumped.

Rsi looks ready to go lower.
Macd converging while in an uptrend.
Daily 100MA is almost crossing the 200MA !!!!!! => Tomorow it'll cross and the pullback will be in play. to possibly retest that area.

support: 0.054722 = 20DMA ; 0.051611 = 100DMA ; 0.05198 = 200DMA.

Not financial advise do your own research before going into a trade....

The highest we currently would be possible to go would be 0.072 Major resistance area for almost 1 whole year.

Comment



The bear dif on the short term time frame...
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