If the bloodbath continues today and XLM/USD drops and closes on the 4HR below .26 we may see a steep drop in the short term to the lower levels of support noted on the chart. Potential opportunity for longtime HODL'rs to cash in and ride the drop to a position that allows a chance to increase share size by good multipliers for the long-haul Lumenauts.
XLM's recent price consolidation around the .29XX area appears to be headed toward the proverbial launchpad or a nasty trapdoor today.
On the upside, we run into resistance at .3103 and then .324. If XLM breaks the 1 Fib Extension, look for a surge up to the .35/.36 area.
On the downside, if XLM breaks below the .382 Fib Extension of .284, HODLr’s may get...
Link appears to have finally won its war with the 1.618 Fib extension and seems to have, at least for the time being, flipped this level from resistance to support.
Link is taking another stab at the 1.618 Fib extension and looking to top its 22.95833 high from its recent campaign in this area. The ascending channel served as solid support on its recent dip down.
Link has fought hard on its upward trajectory to turn the .786 and then 1 Fib Extensions from resistance to support. If Link is going to continue on it’s current rampage it’ll probably make it’s assault on the 1.618 Fib in the next 4-5 hours.
Compound’s decline is having a hard time making it past the $195 price point. This may be the entry point, though I would like to see it provide us with a little longer path to profit.
Any bearish retracement in LINK should find initial support around $19.17 on the channel and more firm footing around $18.50 (1 Fib Extension), where it found repeated resistance before breaking out earlier today.
