XLM/BTC Market overview and Trend Analysis idea
Taking a look at XLM, consolidation period on 1D chart. This 4H chart showing clear downtrend with price near top of channel.
Given BTC looking bearish I would expect XLM to dip down toward bottom of channel toward 3300-3000 shitoshi.
Bulls will look to close over trendline and approach 5000 shitoshi before seeing resistance again...if they can turn up with some volume, I don't see that happening right now.
Bear for XLM.
Given BTC looking bearish I would expect XLM to dip down toward bottom of channel toward 3300-3000 shitoshi.
Bulls will look to close over trendline and approach 5000 shitoshi before seeing resistance again...if they can turn up with some volume, I don't see that happening right now.
Bear for XLM.
Note
Note
Trendline seems to be holding
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.