XLM - Short-term bearish, could change fast on Vol.

28 Jul

XLM - I'm bearish to 0.96 in the short term as it is respecting the long-term downward channel, but I don't expect it to dip long as we are coming out of peak greed toward peak fear and I think buyers will jump back in once we hit key MA's and the bottom of the shorter-term up-trend channel. If we don't hold at 0.095, it could easily go to 0.087 if the wider crypto market looses steam next week. From my perspective, we will need a really strong pump next week to exit the long-term channel. A particularly strong bullish move in BTC next week could change things quickly.

30 Jul

Nota

Confirmation of bearish structure, consolidation under the channel - heading toward peak fear on the fear & greed index.