Stellar Lumens Bloodbath
Stellar Lumens has also careened through levels of support and seems desperate to test the lower bound of the KRI which should correspond with a Fibonacci level at $0.28 by then. After that, we will have another support level at $0.23. Again, investors were warned in this newsletter about the huge vacuum zone formed from XLM’s rise to the $1 mark. The Kovach OBV still seems relatively strong, but the Kovach Chande has turned sharply bearish. Investors should be wary of entering a trade here before the latter picks up at least a little bit.
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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.