I'm not selling myself but there might be another buying in opportunity with FIAT.
Last death cross was in 2014 on the run up to Christmas when the 50 day moving average crossed the 200 day MA. Every suggestion it is about to happen again. However don't worry, $4.8k is bottom until the long term trend line is reached, but not lower. Only upside after this one last correction and not really worth going short if you are a long term holder. However...
So much bullish sentiment out there regarding Stellar. A contrarian looks behind rather than joining the crowd. 3-day charts are powerful... on this chart we see over-bought stochastic & RSI signals. Be careful. What harm would it do to wait for a break-out?
It is uncanny how well XLM is repeating 2014. We've tested support 3 times, which isn't great in itself and it now seems we're in a descending triangle. If XLM holds support beyond October 15th then the 2014 pattern is broken. Otherwise expect a 60-70% pullback.
Sooner or later the RSI finds support above the trend line. The time is growing nearer. We have a double bottom and higher lows. Now expecting to see a bounce of the stochastic levels in the coming days.
Difficult to know what will bring this crazy growth to table, other than knowing central banks are partly responsible for pushing up the value of the stock rather than individuals. Ultimately they have the trigger in hand to reverse this growth at a time of their choosing (or not). When stock growth is in the hands of the few rather than the many coupled with a...