breaks under the 20 day moving average when they meet again soon, it'll do exactly what it did last time: return to the underlying trendline
. These similar bubble and blow-off patterns are typical of cryptos and very obvious in the altcoins. It is how bitcoin
grows. The problem for XLM
is that its underlying trend is still very flat (somewhere in the 100s of sats
). The blow-off period may be longer or short than the previous, but the next bubble will reach new highs.
This applies only IF
the 20 ma is broken.