XLM has failed to bounce off of the 1.272 fib extension which by the looks of it is now acting as resistance. This means the next and final level of support is the 1.618 extension. XLM has been acting very bearish while all other cryptos are doing well and breaking though the 1.272 support is the likely culprit.
Note
The recent pump in the market has delayed this predition, it still dosen't really look to me like a bounce off of the 1.272 retracement. We'll just have to wait a bit longer to get to the next downside target.
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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.