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 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.
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.