XLM BTC some retracement before more bullish action.

It looks like it will retrace back to the 0.618 fib line, as that lines up well with the power end of the pitchfork channel. TD sequential tells me that this is still in a momentary downtrend. The overall trend is bullish and there are strong fundamentals behind this asset. Be aware of the USD pairs as well. These assets don't only compete against one another, they are competing against the legacy financial system.

For proper terminology concerning pitchforks, check this video out: youtu.be/E7CdFroN1cM

Kommentar:

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