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UnknownUnicorn1722555
Feb 21, 2018 4:14 AM

XLM to next support at $0.28 and probably $0.25. Short

Stellar Lumens / US DollarBittrex

Description

This is on the 1D chart. Looks like XLM has had a failed breakout from the primary downtrend channel just like the other alts.

Except, XLM has negligible volume. Which might be alright because in a bear market, coins with lower volume get less attention and tend to go down slower than the higher volume coins.

1. The volume bars are pretty much non existent.

2. MACD made a bearish crossover

3. Stochastic RSI has a lot of room to go to oversold.

4. Next support at $0.28 then $0.25.

Not trading advice. DYOR.

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