is on a clear downtrend as signified by the descending resistance line. XLM
is also having trouble breaking above the 0.5 fib resistance line, if XLM
fails to break the 0.5 fib line then it is very likely that the coin will reach the next fib line as there appears to be no support zones in between the 0.5 and 0.618 fib lines. There also appears to be minimal volume
indicating low interest in buying this coin at these price levels. To top this short analysis off there is a very clear hidden bearish
divergence on the daily time frame as XLM
has painted a lower high in its price and and higher high in its RSI
oscillator. I will be looking to short on the next green daily candle if it touches and fails to break the 0.5 fib line. Thanks for reading!