Stellar LumensShort
XLM: Distribution Back to Structure
XLM has topped out well above the broadening wedge and is distributing back into the structure. A retest of trend resistance failed and it looks like more downward action will play out. Look for short term PA to hit somewhere between the 1.414 and 1.618 Fib retracement zones for either short sales or the resumption of a DCA campaign.
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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.