quantguy

Stellar Lumens Breaks Down

Long
BITTREX:XLMUSD   Stellar Lumens
After maintaining the $0.10 window between $0.58 and $0.68, XLM has broken down to test the bottom of this range. It will find support at the central moving average of the KRI at $0.55, but after that, readers should be wary of a vacuum zone to $0.43 or so. The upper bound of $0.68 corresponds to a Fibonacci Extension level and the upper bound of the KRI, so this will provide significant resistance.

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