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Stellar / TetherUS
Updated

XLM/BTC approaching CRTICAL Supports: Stellar in Trouble?

620
XLM along with most Alts has been diving vs BTC.
It has broken through several support zones already.
Now it has just a couple of supports before DOOOOM!

Note
We got a bounce, but not at the plotted zones. It bounced from the red fib's 8.382 snapshot that red fib was on original chart above, but with non-extended lines and I overlooked that band. On one hand I am a bit suspicious as to this being "the" bounce, but on the other hand, hat exact bounce off the 8.382 is quite comforting. I had picked the .382 instead of .236 even originally above, because band 8 quite often compresses to 382-618 and I guess this is another example.

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EuroMotif
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FibonacciSupport and Resistance

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FibonacciSupport and Resistance
EuroMotif
Mod
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag

Related publications

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.