XLM Drama Alert! It's about to GO DOWN! Watch Closely
Welcome to all you chart fiends. Looking for the latest fix, this is one to watch. Get your popcorn!
XLM is showing some different signs, and it could go any direction. We are on the cusp of some Bullish or Bearish moves.
On one hand we have just broken out of some long-established downtrend channels. This is positive but it doesn't mean you should get panties in a notch just yet. We need confirmation and could get it any minute...
The downside is that we might be about to drop out of an ascending channel established in December. The next channel down has strong support and was established after the IBM news on Stellar. My guess is that we are about to head down but I cant discard the bullish signals.
I plan to watch this one carefully, I think there is a good chance we make a significant drop. But if we continue horizontally we might want to consider making an entry.
Stay tuned to this hot mess of a situation!
-Wolf
XLM is showing some different signs, and it could go any direction. We are on the cusp of some Bullish or Bearish moves.
On one hand we have just broken out of some long-established downtrend channels. This is positive but it doesn't mean you should get panties in a notch just yet. We need confirmation and could get it any minute...
The downside is that we might be about to drop out of an ascending channel established in December. The next channel down has strong support and was established after the IBM news on Stellar. My guess is that we are about to head down but I cant discard the bullish signals.
I plan to watch this one carefully, I think there is a good chance we make a significant drop. But if we continue horizontally we might want to consider making an entry.
Stay tuned to this hot mess of a situation!
-Wolf