XLM is debating whether or not to commit suicide. Will you donate billions to rescue it?
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No XLM! Don't do it! Just kidding, go ahead. Send me a post card from the depths of oblivion.
-- to be honest I'm actually pretty surprised how quick it happened. Needs some time to close and convert support into resistance, so we'll see what happens, nothing is set in stone. I'm actually seeing a ton of alts starting to form what looks like a sizable H&S pattern against USD (right now, if it plays out that way, most heads are rolling over). It's less obvious with XLM, but could still play out that way with a gimped right shoulder. Let's wait and see.
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Textbook conversion of support into resistance. I'm expecting a short term bottom near $0.067 around July 27. Let's see what happens.
Trade closed: target reached:
Closing trade for now. There is some pretty bullish divergence on higher timeframes.
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