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snowbeast745
Oct 31, 2017 11:04 PM

XLM Descending Wedge 

Lumen / BitcoinKraken

Description

Steller Lumens is in a descending wedge pattern. A breakout is near. I will wait for bullish conformation before committing to trade as the descending wedge is not a strongly reliable bullish indicator.

THIS IS NOT FINANCIAL ADVICE. DO YOUR OWN RESEARCH BEFORE COMMITTING TO A TRADE.

Comment

Downside trend line broken as BTC rallies to new ATH. Most Alts Bleeding pretty badly right now.
Comments
tchat
I don't trade on Kraken. What is XBT? Is it similar to USDT or actually, what it looks like, tethered to BTC?
snowbeast745
@tchat, XBT is BTC on Kraken. Hope that helps.
tchat
@snowbeast745, It does, thanks, I just wanted to be sure on the point of reference.
snowbeast745
@tchat, I don't know why that posted as Kraken. I typically use Bitterex. Not sure I can change it now. Thanks for checking!
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