Are EOS & XLM preparing for downtrend breakouts? Here is a sample from Mark Dukas’ weekly Alt-Coin analysis.
The downtrend channel is being tested on August 29th
Often the first attempts at breaking out of these types of channels fail so it may take two or three bounces to take this out.
SmartMoney algo reading a -2.05
EOS bulls would like to see price close above $6.81.
STELLAR LUMENS – XLM (daily and weekly)
Price squeeze making higher lows and lower highs
Price is approaching the 50 SMA at .24 cents
Rising 50 SMA
This is going to break one way or the other as squeezes play out.
Some may call this a pennant on the weekly. My job is to show you all possibilities so here is one that may play out if we turn into a bull trend.