Fib levels check out, expect a ABCD, maybe ABCDE correction
Note
We're still inside the triangle, the big spike up was denied quite well, forming a hanging man then a doji. MACD entered overbought area and is going down.I still expect the price to fall towards the 0.5 level
Note
post-crash update. BTC has dropped significantly and dragged the alts it as expected. XLM will bounce between 0.4 and 0.7 channel, as the triangle pattern no longer holds.Expect a recovery this week. Be patient.
DO NOT SELL FOR A LOSS
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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.