Looks like a good text book bearish wedge, volume picture looks good as well. The red resistance zone was a former support zone. In my few previous analysis about XLM' i mentioned a hidden strength in this altcoin. It's still above the 2018 low, but the higher low pattern is weakening a bit and in combination with this bearish the chances are bigger that it makes a drop towards this weeks low.
However Bitcoin' made a breakout upwards but dropped just as fast. It might turn up again, so just in case i will wait for the break of that green support or when seeing Bitcoin drop below 5500.
Previous analysis:
However Bitcoin' made a breakout upwards but dropped just as fast. It might turn up again, so just in case i will wait for the break of that green support or when seeing Bitcoin drop below 5500.
Previous analysis:
Note
Broke support but with low volume, so could still make a retest. It should stay below the blue level.Note
Target reached zone reached already, soit was a an easy standard textbook play eventually. I have kept half with a lowered stop, just in case we might see another wave down.Note
Might be a chance for the low to have been set, i am closing the rest and taking profit here now, was a good nice easy ride. 
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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.