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Stellar Lumens / Bitcoin
Short
Updated

XLM about to correct?

385
With an RSI above 70, (and has been for a few hours), the MACD is about to cross all indicating a possible correction soon.

I am aiming for around 3900 as I suspect 4000 will be a psychological barrier.
Trade active
MACD has crossed
RSI is down
Volume is down(ish)
Note
The latest drop might not be good for the lower target.

Keep an eye on the MACD as the RSI/Volume is already showing signs of recovery.

If you are wanting to buy back in, do not be too greedy.
Trade closed manually
We never reached 4000, but it is best to close it now as we are getting very near the lower points of the RSI and the MACD is also closing.

Not as much profit, but still a nice 5% return.
crypthal
twitter.com/crypthal
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Chart PatternslumenSTELLARTrend AnalysisXMLxmlbtc

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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Chart PatternslumenSTELLARTrend AnalysisXMLxmlbtc
crypthal
twitter.com/crypthal
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.