Technical analysis by Evestrades about Symbol XLM: Sell recommendation (8/20/2023)

Stochastics are retreating. Weekly and monthly chart suggest pull back. You can see short term 4-hour chart is gearing for a 10c-11c test. Be mindful of any short term rallies; they’re just that - short term. I expect XLM to present a very last buy opportunity between 7-9c by end of year. Happy trading!We're still on target with more of a downtrend expected in near term. As mentioend before, short term rallies should be traded with care.short term stochastics now stressed up top. Another dip down looks imminent.Downtrend continues as we called in last nights update. 4-hour chart showed stochastics topped out and any short-term rallies were exactly that: short term. Price range can get very volatile here moving forward.