Not much to say here.. with BTC nearing a full on breakout (check my prior posts on BTC) XLM is getting near a dangerous area which could give an exceptional short play. The arrows on the chart point to what could be a head and shoulders
Confirmation on head and shoulders - 4 hour close below the 3900 sat area on heavy volume would likely cause the follow through to the target area. This is not an exact forecast but should get us in the ballpark area.
Failure - as long as XLM lives above the 3900, it is 'safe' from the head and shoulders being confirmed.
I'd have to agree..been battling holding on..thanks for the confirmation..
y3llowblacc
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Great analysis
jeremyalain
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Good time to set a stop loss just in case;)
rptle
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@jeremyalain, On which exchange are you? On Kraken this option doesn't exist..
I thought to code a bot to do that but i am sure its "builtin" somewhere
Crypto-Crown
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@rptle, You can short XLM on Poloniex, it is listed under symbol STR there.