XLM - bearish signs

14 Oca 2018

XLMBTC had a lot of bearish signs lately with 3 falling triangles that are encased in a larger falling triangle on the 4h chart. If it closes above the 23.6% fibonacci and it's confirmed by a bounce than we can see a good level for entry and a change to see it run to ~60000 satoshi. If it falls through the 61.8% and the support doesn't hold we have a bigger chance it will drop even further. The downward bounce on the ~35400 satoshi level will conform a larger fall downwards to maybe ~30000 satoshi or even lower.
Really noob at charting and lets say TA. Any mistake you see, opinion or idea is appreciated as I could improve my skills.