Stellar (XLM) Analysis 5/18 XLM-USD

in cryptocurrency •  5 months ago

Stellar (XLM / USD) made a perfect start to the forecast correction range of $ 0.31 and met support. A first reaction pushed the price back to $ 0.38 and then completely surrendered the profits.

XLM-USD 03.png

Now Stellar is again exactly where the countermovement started (red box) and it raises the question of whether XLM now prepared a double bottom or want to continue falling. The next stop on the bottom would be the typical 61.8 Fibonacci retracement in the range of $ 0.27.

The volume is still very low with falling prices and even drops, which currently causes me to expect no major correction down.

This is NOT investment advice and does not require buying or selling. Every reader is aware of this and makes their own investment decision with their own understanding of risk management!

Cheers Jessy

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