Stellar Lumens (XLMBTC) just hit a new low today marked by 1.618 Fib. retracement support from the last bullish wave. Looking at the structure of this chart, it is easy to see that XLMBTC can go lower before moving up.
Feel free to hit like... And let's continue...
Few points to take into consideration:
Trading volume is really low, so this drop is coming to an end soon.
The light green area (and green arrow) is the most likely scenario right now in my opinion.
Bullish divergence is starting to show up on the MACD.
The RSI is reaching oversold (30 weekly).
The future is bright, green and beautiful. After a strong wave down, an even stronger wave up will follow... So we are seeing a great opportunity in the making.
What's your take on Stellar Lumens, do you like this project?
Please share your thoughts in the comments section below, and make sure to leave a like if you want to see a full trade for XLMBTC once it completes its retrace.