XLM Upcoming short opportunity

Mar 18, 2018

Upcoming XLM short opportunity

Mar 22, 2018

Note

Short target seems to reach early. Short range remains valid.

Mar 22, 2018

Trade active

The projected trend is accelerated. bearish trend in the investment market at large will pull this down much further and much faster. $0.25 top-out was reached much faster after USDT pumped 300mln into the cryptomarket (Spectacular crash upcoming). 1st target in sight is $0.18 with a high likelihood for much further downside in the next week.

Mar 28, 2018

Note

Mar 28, 2018

Note

To simplify this chart, I only use line chart at closing.

There was an existing bearish channel as described in my previous analysis. We now developed a descending wedge within this channel. The convergence point is exactly where the next level of support would be - around $0.12

Given the condition of the investment market as a whole, a bullish scenario in the short-term is astronomically impossible.