XLM trying to break below upwards sloping support
Downside targets 0,047474 ( Other targets would be at 50, 200 and 100 Daily MA { 0,058385 ; 0,056146 ; 0,052651 })
Reason why we go towards that area => Last few days we had lower highs broke below Daily 20MA and rejected of it whilest trying to get above it again.
Macd facing to the downside and diverging red from each other.
RSI tried to get back above the 54 level and rejected which it now is trading just below the support level if the bulls can't defend this a drop of 22% will follow. RSI becoming oversold then would be great. Bigger timeframe would be massive IH&S see next picture.
Least bearish but still a good retrace would be at the 200Daily MA and bounce so at 0,056146 which means in another 7% drop at time of writing.
But Big Bull Market is arround the corner IMO. So get some cheap Lumens when it's going lower.
NOT FINANCIAL ADVISE, DO YOUR OWN RESEARCH.
Reason why we go towards that area => Last few days we had lower highs broke below Daily 20MA and rejected of it whilest trying to get above it again.
Macd facing to the downside and diverging red from each other.
RSI tried to get back above the 54 level and rejected which it now is trading just below the support level if the bulls can't defend this a drop of 22% will follow. RSI becoming oversold then would be great. Bigger timeframe would be massive IH&S see next picture.
Least bearish but still a good retrace would be at the 200Daily MA and bounce so at 0,056146 which means in another 7% drop at time of writing.
But Big Bull Market is arround the corner IMO. So get some cheap Lumens when it's going lower.
NOT FINANCIAL ADVISE, DO YOUR OWN RESEARCH.
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Hmm, hammer candle forming on 4H possible let's see what'll happen. This is from the Stellar | Bitcoin chart but we'll see Stellar | Euro still not overbought on daily and macd on daily is still diverging so gotta wait for tomorow for more info.
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On hourly small bullish divergence price stays the same while MACD lines are not that low as before and rsi has a higher low
On hourly small bullish divergence price stays the same while MACD lines are not that low as before and rsi has a higher low
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In the end it hit my target tho. Now we move sideways ???
In the end it hit my target tho. Now we move sideways ???
