TheMagpie

AS much as it hurts to say, XLM still has room to fall

Short
BITFINEX:XLMUSD   XLM / Dollar
Hi again, I really didn't expect such a dramatic fall in BTC recently so my prediction of buying XLM at 0.195 ended up being wrong For that I apologise.

What I expect from here is BTC to fall a little further over the coming days and weeks and with it the rest of the cryptosphere. 0.08c is a strong support for Stellar but not a lot in between unfortunately. Ideally I would be looking to buy a little at these targets

T1: 0.135

T2: 0.12

T3: 0.8

Remember, a bottom can only be called many weeks or months after the fact. Don't believe anyone who says this is 'definitely' the bottom.

This is not trading advice just an example of how I will trade this mother. Have fun and be careful out there.
Comment: (4 hourly) Zoom in to see the MACD and RSI


MACD looking to continue in bearish fashion
Comment: and RSI is sitting at 31 which would indicate to me that there is still plenty of room move down towards that .08c support.

Comment: First 2 targets reached. Waiting on Target 3. Buys set at .0835

Comments

Nice target on the downside
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Here is what I was tracking :
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It has room enough to fall ;)

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TheMagpie Will_Wortel
@Will_Wortel, Pretty much how I see it. Just interested if the drop will be in hours, days or weeks.
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