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Not So Stellar

Just a little over a week ago,  I put out an idea suggesting that Stellar coin (XLM) wasn’t heading for the stars anymore.  As with every other alt-coin crash,  the tell-tale sign is when the chart loses the high, (explained in detail in our advanced course).

 

I noted that losing support at around 3500 would be a disaster for those holding long positions.  I suggested that the bigger picture  would ultimately bring price down to our lower targets.

 

A week later, here we are:

 

 

I expect the liquity provided in this bounce from our first target will be met with selling, as it continues it’s descent into the lower 2000s.

 

Follow the live idea here:

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