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since the last readPrice has left the range the coin's last read drew.
Price has left the range the coin's last read drew.
Breakdown from the 0.1663–0.2371 range on Oct 29, holding under it, price at the floor of the move since
The setup is clearly bearish while XLM stays under 0.1969: the uptrend lost its last higher low at 0.1969.
Backing it: it broke down from its month-long range and has held it, the indicators favour the sellers' side and the weekly chart is down.
Price is under the 50-day average (0.1904). It is under the 200-day average (0.1831).
The last 5 days are down 7.2%, nearly every high lower than the one before.
Price is 13.6% under 0.1739, the top of the range it has built since the bounce, and 0.3% over 0.1499, the low of that range.
The first warning would come earlier: a daily close over 0.1566, the old low it broke down from, 4.0% away.
What kills the setup: a daily close over 0.1969, 23.6% away.
For it: price is under the average price buyers have paid since the 0.1525 low, 0.1939, so those buyers are losing money; more trading has happened on down candles than on up ones, so sellers have been the more active side.
Against it: nothing on the chart right now.
While XLM stays under 0.1969 the setup stays bearish; 0.1499 is the next line it has to break.
A 1D close above 0.1969 ends the trend change; no tested level above it on this chart — the next round number is 0.2000.
A 1D close below 0.1499 breaks down out of the range; the next level down is 0.1474.
0.1499 is the floor — the low of the range.
0.1739 is the ceiling — the top of the range. It is also the 0.236 retracement of the chart's whole range.
On Oct 29 XLM closed below the 0.1663–0.2371 range it had held for a month. It slipped back inside on Oct 30 and is under the old floor, 0.1663, again now.
Price is at the floor of the 0.1499–0.1739 range.
The weekly picture: a weekly downtrend, 81% under the all-time high; on the daily, price is below the 200-day average (0.1831), and the 50-day average is above the 200-day average. The daily trend runs against the weekly.
Against BTC: over the last 5 daily candles XLM moved -7.2% and BTC -1.2% — XLM is the weaker chart.
The trend has been the sellers': the weekly chart is down. The indicators point the same way: price is under the average price buyers have paid since the 0.1525 low, 0.1939, so those buyers are losing money.
| Level | Price | From price | Role |
|---|---|---|---|
| Swing high | 0.2371 | +57.7% | swing, read |
| Swing high | 0.2000 | +32.8% | swing, read |
| Swing high | 0.1969 | +30.6% | swing, read |
| Swing high | 0.1831 | +21.4% | swing, read |
| Golden pocket | 0.1752 | +16.6% | golden pocket, calendar |
| Read ceiling | 0.1739 | +15.7% | read edge |
| Swing high | 0.1663 | +10.6% | swing, read |
| Fib retracement | 0.1604 | +6.7% | fib, sr |
| Prior week low | 0.1578 | +4.9% | calendar, fib |
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