We have seen a huge run up last week and its time for some correction for it to move ahead. It has traced back to its 50 EMA (support area) and looks like it has taken support at this level. We are seeing some green candles in 4 hr chart which might indicate that the selling has stopped and it might be getting ready move up again. If someone is looking to start a position, it might be a good point to enter.
Disclaimer :
This post is my personal opinion and is provided for informational purposes only. Don't consider buying or selling any crypto currency without conducting your own due diligence.
Thanks for the tip! I have some XLM and have been looking at another point to enter back in.
It's looking like a head and shoulders... hope it's not !
yeah, may be a little to early to say. We will have to watch and see.