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Stellar Lumens (XLM) Poised For Swift Recovery After Prolonged Sell-Off

Stellar (XLM) has been through one of the most brutal corrections in this market since the beginning of this year. It is one of the few cryptocurrencies that has now plunged below its December, 2018 lows while trading inside a falling wedge. This may be alarming for mainstream investors who give in to emotions and short term sentiments instead of fundamentals and technical analysis. However, professional traders who understand the people, product and process behind Stellar (XLM) see this as an opportunity to accumulate. This is why XLM/USD has remained firmly inside the falling wedge and not broken below it despite piercing through some critical supports. Stellar (XLM) now has a long way to go before it catches up with the rest of the market. However, it is running out of room for continuing further within the falling wedge.

The daily chart for XLM/USD shows that the trend line resistance that Stellar (XLM) has been testing continuously since November, 2018 is now at the risk of…

Read Full Story : Crypto Daily™

2019-02-01 23:00:00

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