What's up trader's, investors and all the delusional moonboy newbie's. Here is an update on XLM! This analysis is more of an eye opener if anything. We just had a nice bounce from our buy zone on the retest of $.20. Yes I loaded up, and just closed my trade last night at $.267 after taking profit on the way up. The only XLM I'm holding right now is about 10k worth that I owned at sub $.10 which is my long term hold. Right now, I'm seeing a possibility of a bull trap. I could be wrong and will gladly reopen a medium term long trade if we break $.30. At most our next target is the $.285 -$29.9 area before a nice retracement. I'm not taking that chance because I'm not trusting this trend right now. It just doesn't feel right. I always look at past history volume and I'm always looking for fractal's and right now the volume profile is way off. I'm really surprised that we didn't have more volume at $.20. I also see this death cross happening on the daily which is a real big deal and no one is talking about it! It didn't cross yet, but it should definitely not be ignored and that is why I closed my trade. I honestly don't know what's going to happen at the moment. I need more information and right now the information that I have is telling me to stay on the sidelines. Besides, I just made 25% on my trade and there's plenty of time to get into XLM for long term gains. No one is beating down the door to get into this coin right now. Was this a dead cat bounce because of the moneygram news? Is $.12- $.16 still a possibility? You bet you ass it is , and we will be ready for whatever happens. I'm really hoping that we get more of pump on XLM which will stop those MA's from crossing. SO, I'm warning everyone to pay attention and trade with caution. When I get more information, I will post analysis with some targets. Later guys and happy trading!!
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Should see a nice pump coming on Xlm. Looks like 6 hour might close above $.2537
I always view the “death crosses” as a realization of past events. Everyone always freaks out on them but really they are just tracing the previous drop from highs, playing catch-up to the already in place market trend. Like your take on things though. I’m bagged low low on Xlm and will add anything with a .1x just to add some to the position. She’s going to grow legs eventually and I think she’ll run hard
mfibbs
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@TheKnown, Yes but death cross on daily 100 over 200MA is a continuation of previous death cross and also shows bearish divergence in a huge way since we jumped in the last week. Should be watched very closely IMO! For me, it’s a clear break above $.30 to $.34 for the next trade long. I just closed a short at $.253
dunrenault
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Great analysis , thank you.
LionsTraders
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hoping bro i used to see xlm is going up to 0.5 0.7 0.9 this year based on my TA
mfibbs
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@LionsTraders, I’m only saying to proceed with caution . Didn’t even hit $.285 and retraced $.035. Watching this closely.
Bean-Counter
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Outstanding stuff. I was totally lost until I viewed this. I believe you saved me from complete loss. I would have felt as dumb as my profile picture looks. Again, thank you Sir. This was great information and life saving for my wallet!!!!!!
mfibbs
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@Bean-Counter, Im the same guy who you told to buzz off, as if I can’t have an opinion about Arias wave.
Bean-Counter
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@mfibbs, I know that silly. Just trying to be nice. What's your problem anyway?
mfibbs
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@Bean-Counter, I don’t have a problem. We can be nice. It’s just that I do have a problem with that arrogant arias wave guy as and for good reason. You kind of had the problem making comments to me. Anyway cheers