Nevermorejk

XLM Analysis

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BITTREX:XLMBTC   Stellar Lumens / Bitcoin
XLM continues to look different from most other large caps. Other than some of the alt coins that have been hitting some nice returns over the past few weeks, XLM is nearly the only coin making higher highs and lows.

I loaded up on XLM previously as posted here, and plan on holding it for breakout to at least previous ATH. A break below .000029 would be a significant bearish sign and I would exit and look for a safer entry.


Mechanical system is not effective on XLM/BTC pair, so I am not using it.

My favorite MA system 7/21 shows consolidation with price above the 21 sMA which is a bullish signal, but more consolidation is possible and orders as low as 0.000033 still have potential to fill over the next few couple months.

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