Stellar Lumens Bloodbath

Stellar Lumens has also careened through levels of support and seems desperate to test the lower bound of the KRI which should correspond with a Fibonacci level at $0.28 by then. After that, we will have another support level at $0.23. Again, investors were warned in this newsletter about the huge vacuum zone formed from XLM’s rise to the $1 mark. The Kovach OBV still seems relatively strong, but the Kovach Chande has turned sharply bearish. Investors should be wary of entering a trade here before the latter picks up at least a little bit.

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