XLM/USD - Breakdown and bearish indicators. Watch out!

XLM broke down from it's ascending triangle when ETH was rejected from its ATH level. At that point, most of the market pushed lower, including XLM.

The question is now if this bearish move will gather momentum to push us towards lower levels as indicated on the chart. On daily XLM is looking rather bearish, so we need to wait to see if the support at $0.30 cents here holds, if not then we will go lower and have a few bearish days.

What could save the market is ETH pushing above ATH level, that would turn most alts green. :)

For now, watch this level and support and be careful if you enter into position as price may be choppy.

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