1. Has the weekly bear trend been broken? Trend lines show a potential YES 2. 50MA and 100MA getting very close and if price breaks out higher, there will be a golden cross on the weekly. 3. Recent pullback (still happening now) features a potential massive long opportunity for alot of profits... 4. Check my other post about BTC.D trend that compliments a big rise in ALTS, which compliments this analysis of XLM. 5. Do your own due diligence and I am not licensed to provide financial advice, and I take no responsibility for any losses you may incur because of following my ideas.
Out- WineTrader888
Comment
⋅
Because Bitcoin has been weak and possibly is undergoing a larger correction on the weekly, this impacts all Altcoins poorly. However this analysis is still viable because it predicts the longer timeframe. I suggest waiting for bitcoin to finish its correction first before entering any long positions on alts.