Although I have XLM in my portfolio, I'm not very enthusiastic about the charts.
The Symmetrical Triangle seems to break in favor of the bears. The lower timeframes (30 min, 1 hour) are not positive so I expect a break along the bottom of the triangle. MACD of the 4 hour chart will become negative. The 1 day chart also has a lot of downward space for a correction.
Bearish case:
support: 0.1 EUR
Bullish case:
resistance: 0.19 EUR
The Symmetrical Triangle seems to break in favor of the bears. The lower timeframes (30 min, 1 hour) are not positive so I expect a break along the bottom of the triangle. MACD of the 4 hour chart will become negative. The 1 day chart also has a lot of downward space for a correction.
Bearish case:
support: 0.1 EUR
Bullish case:
resistance: 0.19 EUR
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Disclaimer
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.