BITTREX:XLMBTC   Lumen / Bitcoin
XLM has come back down and is now at a key support level . It also is about to touch the uptrend line it has been following for quite some time.
If BTC behaves there could be an entry here for a 9% gain up to previous structure.
We need a close above the support at 4344 and a bullish engulfing candle for confirmation.
Watching closely.

Comments

Looks like your waves have been spot on....unfortunately it went to the downside instead of up. Up or down next?
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Jack_Boulevard Stanners01
@Stanners01, it's not looking too good at the moment. i think it mite head down and retest the daily support at 3696 roughly.
Reply
Stanners01 Jack_Boulevard
@Jack_Boulevard, Yeah, things not looking too great. I think the next week or two will give a good indication of where the markets are heading generally - new bull run or continuation of the longer term bear market.
Reply
Jack_Boulevard Stanners01
@Stanners01, yeah true that dude
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