We are looking at a solid run from XLM after a disastrous month. But be wary since a reversal may come soon. A look at XLM's most recent pattern - the triple top reversal. Volume has been pumping since the 22nd of this month but as you can see that from the peak of the 25th, volume has been on a steady decline. Be forewarned that if we do not see volume pumping propel prices past the 00.00060814 resistance line, then we are likely to see XLM spiral downwards to 00.0055238. If prices fail to bounce off support of 00.00055238, then the triple top reversal is confirmed. We are likely to see it plummet to as low as .00048988 before it will come back up to retest the 00.00055238 new resistance line. I would stay away from entering until XLM decides which direction it will go.
Comment:
My prediction was correct. Now, XLM might bounce back off of the 00.00055238 resistance, but I think it is unlikely since there was a strong triple top resistance and volume is on the decline.
Trade closed manually:
XLM has taken a beating, it is best to watch from the sidelines.