As I've mentioned in my last TA, my buy area is in the .20-.21. I actually already have buys set at .195 in case they are triggered but I'm not sure if we'll dip below .20.
RSI is oversold on the hourly. BTC continues to fall which is bringing the XLM price down with it. A strong performance by Stellar means that XLMBTC continues to impress although there has been a selloff at 4700.
If you have your money in fiat I would watch this space closely.
As always this is what I will be doing personally but it's not trading advice. Have fun out there.
RSI is oversold on the hourly. BTC continues to fall which is bringing the XLM price down with it. A strong performance by Stellar means that XLMBTC continues to impress although there has been a selloff at 4700.
If you have your money in fiat I would watch this space closely.
As always this is what I will be doing personally but it's not trading advice. Have fun out there.
Comment:
The reason I think we will see a little recovery before another fall into this area is due to the oversold RSI and the double bottom that has formed. I don't believe these fundamentals to be strong enough to warrant a bullrun back up to .28 and I believe the MACD confirms this.
Comment:
My previous TA on the XLMBTC chart for reference
Comment:
0.212 on Poloniex now. Closing in on target area.
Comment:
.208 now
Trade closed: target reached:
Both targets of .21 and .20 reached. I expect us to fall further.
Trade active:
Didn't mean to close trade, I believe we still have further room to fall.
Comment:
I have removed my buy order at .195 as I believe it's possible to get a better entry although if I see significant change in momentum I will buy within current area.
Trade closed: target reached:
Bought at .185 and .182. Could possibly go lower but for now I'll take it rather than guessing the bottom.