sgerrits

XLM correction

Short
COINBASE:XLMEUR   Stellar / Euro
Although I have XLM in my portfolio, I'm not very enthusiastic about the charts.

The Symmetrical Triangle seems to break in favor of the bears. The lower timeframes (30 min, 1 hour) are not positive so I expect a break along the bottom of the triangle. MACD of the 4 hour chart will become negative. The 1 day chart also has a lot of downward space for a correction.

Bearish case:
support: 0.1 EUR

Bullish case:
resistance: 0.19 EUR
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