XLM PERSONAL ANALYSIS IN THE LONG TERM

9 dic 2021

Chart shows common supports and resistances based on the Fibonacci and price action. The total evaluation for XLM is neutral-bearish. The coin itself has a very low buyer interest in the upper regions (above 0.40$) and have a very decent support in the 0.20$ region. The asset itself needs a lot more buyer control to establish a healthy price action of higher lows to show investor confidence, unless proven otherwise, the coin itself is not encouraged to be held in the long term until it forms a convincing larger timeframe rising wedge (bearish pattern), form a higher low at the oversold RSI and proceed to increase further.

This coin would perform best in a bull trend (confirmed both smaller TF and larger TF) despite the weak buying interest.