XLM/BTC Market overview and Trend Analysis idea
Taking a look at XLM, consolidation period on 1D chart. This 4H chart showing clear downtrend with price near top of channel.
Given BTC looking bearish I would expect XLM to dip down toward bottom of channel toward 3300-3000 shitoshi.
Bulls will look to close over trendline and approach 5000 shitoshi before seeing resistance again...if they can turn up with some volume, I don't see that happening right now.
Bear for XLM.
Given BTC looking bearish I would expect XLM to dip down toward bottom of channel toward 3300-3000 shitoshi.
Bulls will look to close over trendline and approach 5000 shitoshi before seeing resistance again...if they can turn up with some volume, I don't see that happening right now.
Bear for XLM.
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Trendline seems to be holding