Major coins are showing the same trend as BTC is trying to change direction.
I will look at the short and medium term.
Unfortunately, it is falling from an upward trend line.
You must climb above the upward trend line.
We are fortunate to be out of the downward trend line.
We hope to settle for 20MA as we move...
XLM downstream trading. Recently, a lot of PR on this coin. The trend is still downtrend. Trading in a downward channel from the trend lines, which I depicted on the chart. The pivot points from which this or that movement will be embodied are also depicted on the chart. In addition to the trend support and resistance of the channel, do not forget to trade in...
Short term perspective.
It is moving along the upward trend line.
You should check if you can support 20MA.
Fortunately, it is located on the downtrend line.
You should check if it falls below the downtrend line.
It is make or break. Possible turn but also a possible weakness that a big pump and hype to reduce the buying... therefore leading to it coming down further.
Wait and see where this goes first before going into it.
Wow, the bear market for XLM really seems never-ending doesn't it? Well, the good news is, there are several factors leading me to believe that this may FINALLY be the bottom. I know, I've tried to call the bottom on the XLM/BTC ratio a number of times this year, but each time XLM broke support. I did mention, however, that XLMUSD was still in a clear downtrend,...
- The bearish XLM/USD monthly chart has completed all five waves.
- There is no such thing as going up or down forever, the market needs to correct at some point of time. So, it's high time we see a (n ABC) correction wave up or a full reversal.
- Price target of 14-16 cents range is not only likely but also achievable.
Stellar Lumen remains under downside pressure, following its recent technical rejection from the $0.54 level as the downtrend still underway in the broader cryptocurrency market. XLM subsequently recovered to just above $0.56 at the time of writing, as a sudden BTC surge dragged the rest of the market with it.
The XLM/USD pair has nevertheless lost nearly 40...
XLM / USD TA
We have been observing arc like pattern for XLM for a while now. We also see points of extreme resistance in eight cent ranges which wasn't even broken upon 50% Supply burn.
At this point we will continue to keep a close eye on XLM with possible entry on strong and convincing resistance break which should be tested again this month.