XLM Technical Analysis in a 3-Day Timeframe

Aug 29

Hello everyone, I’m Cryptorphic.
I’ve been sharing insightful charts and analysis for the past seven years.

Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.

Now, let’s dive into this chart analysis:

XLM is struggling to close above the 50 EMA resistance. The price has tested this EMA several times but has failed to break above it. With the current rejection, XLM is likely to drop to the $0.0840 support trendline.

The lower support at $0.0754 is crucial for XLM to hold. A close below this support will likely invalidate the chart.

Key level:

- Primary Support/Entry: $0.085.
- Lower Support/Accumulation: $0.0754.
- Target: $0.14.
- Invalidation: A close below the $0.0754 support.

DYOR. NFA.

Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!

Thank you!

#PEACE