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25 January 2021

Sell Signals Abound as Stellar Lumens Prepares 20% Correction | Crypto Briefing

Sell Signals Abound as Stellar Lumens Prepares 20% Correction | Crypto Briefing


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The parabolic SAR’s last two times flipped from bullish to bearish within the 4-hour chart, XLM’s price dropped by 10% and 30%.

A 4-hour candlestick close below 50-four-hour exponential moving average will validate the bearish thesis.

If this were to happen, the 200-four-hour exponential moving average might be able to keep falling prices at bay.

Even though the odds favor the bears, everything will depend on whether Stellar can close below the 50-four-hour exponential moving average.

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