Short

XLM BREAKS 50 MA DAILY

By RealMcafee

Updated

Loss of critical support

$XLM repeating fractal bubble pattern$

Comment

This will still take a long time to resolve. But if BTC goes up XLMBTC will come down, pampers can't have both.

Comment

XLM breaks down from triangle, indicating it chooses bearish path

Comment

Just lost daily cloud support

Comment

My position on XLM has changed still short until further motice. Btw I think we are making a mini fractal bubble (red) here.

Comment

^^^ should has NOT changed

Comment

Looks like XLM has broken out. These charts are done now, would have been nice if they had continued but looks like this year will be a very different market from last year. WHen we were at this point in the cycle these alts like XLM and XRP failed I guess it will be different this time.

Comment

Having said that here's a chart for XLMBTC: you can see that there's no point doing Elliott wave on the day chart, the types of bull run are over very quickly. The stoch RSI is maxed and the regular RSI is racing up to the ATH value from Dec 2017. Expect a pullback/collapse when it gets there. Target is marked

Comment

also note that the volume is 20 times less than in December - make of that what you will

Comment

I found something interesting in the XLMBTC chart, take a look. Click on the chart to read the explanation <deleted>

RealMcafee

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.