The first rays of the sun on the XLM market appeared as unexpectedly as they went out. The uncertainty of buyers from 7 March brought intrigue to the market and called into question the positive scenario. For 4 weeks, buyers have been trying to begin a global correction of the fall wave from May 2021. This fall wave is moving within a wedge and is doomed to a sharp contrasting reversal of the XLM price. However, will buyers be able to realize such a reversal from the current price range? During the growth wave on 7 March, buyers could not even touch the mark of $0.25. This is the first local critical point within the global wedge. https://www.tradingview.com/x/dDzEZRAs/ The trading week on 4 April was a week of counter-attacks by sellers. But, both the local growth wave and the local fall wave occur at catastrophically low volumes. This fact adds a manipulative factor and does not allow us to believe the candles, which are literally drawn on the chart. At the time of writing, buyers have been able to stop the XLM price from falling and there is a high probability of a local rebound to the $0.25 range. If buyers are unable to take control of this range during this attack, we will expect another fall wave with a final target of $0.14. It is in this range that it is quite hasty to buy XLM cryptocurrency with a global target of $0.4. Technical Analysis Of XLM On The Daily Timeframe https://www.tradingview.com/x/dpv6fagT/ Analyzing...
