XLM
Short

Downtrend intact. Short.

430
The price is surprisingly very well supported on our established first support line at 0.21539646 (yellow line), creating a Rectangle on 4H (STOCH = 47.872, MACD = -0.002) fuelled by the high 1H volatility (ATR = 0.0026). That discontinued our projected Channel Down continuation but the underlying trend on 1D remains heavily bearish (RSI = 34.263) as seen on the blue dotted lines. We expect 0.21539646 (yellow line) to break soon and hit our TP = 0.18000.

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.