jalapablo

XLM: Distribution Back to Structure

Short
COINBASE:XLMUSD   Stellar
XLM has topped out well above the broadening wedge and is distributing back into the structure. A retest of trend resistance failed and it looks like more downward action will play out. Look for short term PA to hit somewhere between the 1.414 and 1.618 Fib retracement zones for either short sales or the resumption of a DCA campaign.

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