Stellar LumensLong
XLM/USD Coinbase $XLM Daily MA Break down.
Here I just want to show the trend of the Daily chart is still very bullish!
Until The MA 7 and 25 Cross Underneath the MA 99, there is nothing Bearish about XLM's Daily Chart
Its Still Correcting at the Moment Just sitting on support.
LTF we will see dips. The MA cross can be used on all time frames.
Make sure you always Zoom out to the Daily Chart to See the trend, then Check lower time frames starting with the 4 HR
Study how the Moving Averages look on all Time frames( THEY WILL BE DIFFERENT) you will see a pattern though.
The MA 99 Is A CLEAR TREND LINE UPWARD(THICK RED LINE)
BTC is Holding this Down. So its Just a matter of time.
Hope This Helps
Until The MA 7 and 25 Cross Underneath the MA 99, there is nothing Bearish about XLM's Daily Chart
Its Still Correcting at the Moment Just sitting on support.
LTF we will see dips. The MA cross can be used on all time frames.
Make sure you always Zoom out to the Daily Chart to See the trend, then Check lower time frames starting with the 4 HR
Study how the Moving Averages look on all Time frames( THEY WILL BE DIFFERENT) you will see a pattern though.
The MA 99 Is A CLEAR TREND LINE UPWARD(THICK RED LINE)
BTC is Holding this Down. So its Just a matter of time.
Hope This Helps
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