BTC Down but XLM still strong now. what it means ?
XLM is in Accumulation Zone (Green Rectangle) between 1500-1600ish. Bears still trying to make it down to buy cheaper, but it looks like XLM not want to go more down. Airdrop is over. Now just consolidating for the next push up.
the next break up to 1900ish will be a strong reversal sign because we will breakout a long Downtrend. if it goes down it can back to 1500ish but we are already very down, so if you are not a scalper nothing to scare.
And don't forget that Stellar had a very different trend than BTC in 2018-2019.
i will add some graphs to explain more clearly.
Happy Tr4Ding !
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Downtrend view from Far.
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Accumulation / Distribution
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Monthly MACD from Bittrex (Binance is too young to show something)