XLM is showing some weakness in an ABC correction, RSI and MACD about to break the trendline and heading towards the previous bottom. Once near that bottom, we can look for new longs.
Komen
⋅
Touching the target box, watch priceaction for a strong bullish candle. Breaking the yellow supportline means further downside.
Use proper moneymanagement: cut your losses and let your winners run.
Komen
⋅
Yellow trendline was broken, so further downside as expected. Due to BTC's bullrum, Lumen is back in its accumulation zone. Could take some time before it goes up again, BTC has to calm down first and we need to see some good bottoming
Komen
⋅
still in that area, wait for breakout according to RSI, it may need some more time
Komen
⋅
Breaking out, if you want to jump on this train.n...better wait for consolidation or correction on lower timeframe
Komen
⋅
Still struggling due to BTC bulls. I'm expecting more downside into the accumulation zone from earlier this year and maybe some decent bottom forming before new upmoves.
So going under the support line means the trend is over, or is it due to btc spike?
Crypto_Ed
⋅
@feanor7544, screaming for a correction in btc. Many alts suffer and trying to find a bottom. Can look completely different in 1 hr. I will update when I see a new pattern