XLM 2 scenarios for next week, might be a good time to wait
Here I am working with support & resistances of the last days only.
Yesterday a long-lasting uptrend (started January 27th) broke to the downside.
Still the doji-candles could mean that the bulls bought the dip at 0.463
Within the next 48-60 hrs we should be in the green elispse and see if bulls or bears are sitting on the table.
If the bulls can defend the shortterm uptrend (baby-blue line) XLM could test resistances at 0.537, 0.574 and retest the high at 0.606.
If the bears can break down (slim red lines) XLM could test support at 0.46, 0.44 and 0.42 in the next week(s).
Good luck.
Yesterday a long-lasting uptrend (started January 27th) broke to the downside.
Still the doji-candles could mean that the bulls bought the dip at 0.463
Within the next 48-60 hrs we should be in the green elispse and see if bulls or bears are sitting on the table.
If the bulls can defend the shortterm uptrend (baby-blue line) XLM could test resistances at 0.537, 0.574 and retest the high at 0.606.
If the bears can break down (slim red lines) XLM could test support at 0.46, 0.44 and 0.42 in the next week(s).
Good luck.