$xlmbtc showing weakness, might retest the bottom

11 août 2017

XLM is showing some weakness in an ABC correction, RSI and MACD about to break the trendline and heading towards the previous bottom.
Once near that bottom, we can look for new longs.

12 août 2017

Note

Touching the target box, watch priceaction for a strong bullish candle.
Breaking the yellow supportline means further downside.

Use proper moneymanagement: cut your losses and let your winners run.

17 août 2017

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Yellow trendline was broken, so further downside as expected.
Due to BTC's bullrum, Lumen is back in its accumulation zone.
Could take some time before it goes up again, BTC has to calm down first and we need to see some good bottoming

19 août 2017

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still in that area, wait for breakout
according to RSI, it may need some more time

20 août 2017

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Breaking out, if you want to jump on this train.n...better wait for consolidation or correction on lower timeframe

25 août 2017

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Still struggling due to BTC bulls. I'm expecting more downside into the accumulation zone from earlier this year and maybe some decent bottom forming before new upmoves.