Big falling wedge could be in play in this one..
Zooming in, Would like to see Volume and a break over EMA50/~700sats level prior taking any positions...
For now just set alerts and wait for better confirmation..
Top coin that has not shown itself properly yet Stellar Lumen
Stellar is an open source, decentralized protocol for digital currency to fiat money transfers which allows cross-border transactions between any pair of currencies.
In 2014, Jed McCaleb, founder of Mt. Gox and co-founder of Ripple, launched the network system Stellar with former lawyer Joyce Kim....
I have been a trader for 13 years and I have traded through the financial crisis . I have been around the block , I have gained and earned lots of experience while constantly learning from the best traders in the world. I am a full time trader , help/teach people how to trade properly and profitably .
I ALSO RUN A DISCORD GROUP OF VERY INTELLIGENT...
Here we have XLMUSDT 1D chart.
It's an interesting idea with interesting title, So let's immediately explain.
XLM time history only found on POLONEIX Exchange..and by looking at the chart we have a situation here:
1- 50MA 100MA 200MA all crossing each-other with an important GOLDEN CROSS 50 over 200
2- ABCD triangle which is the only one left not...
Our chart last Monday on XLMUSD discussed a weekly trend that is very negative looking:
Regardless of Bitcoins action, XLMUSD will continue to selloff as BTCUSD dominance increases.
In this weeks chart we highlight three key support and resistance prices. Should price decline below $0.072 support it...
Stellar (XLM) is expected to sell off over the coming weeks to new lows.
Stellar is sitting above support at $0.0797 and $0.077 at the bottom edge of the high volume node. Should price fall below there, XLM may trade as low as $0.055.
Should Stellar push to the upside, price will have to cross resistance at $0.083 and $0.0875 before a major move.
Lets face it...Alts look terrible vs Bitcoin and it seems like many could be going to Zero which in crypto means delisting...However times like these when the chart seems to have no bottom tend to be opportunities...Bitcoin still looks strong but if it ranges for several weeks of price action it could give the Alt market a little jolt of energy as money is spread...