Stellar short term bearish setup

Hello traders:

Looking like the the crypto market are showing signs of bearish price action on the lower time frames.

Here on XLM, we can see that after the previous higher time frame bearish impulse down, we have a larger bearish structure developed.

WE then see a another bearish impulse down out of the structure, good signs of further downside potential.

Now that we formed a lower time frame correction, expecting another bearish development that can push the price down to the next swing lows.

thank you

評論: