XLM running out of rocket fuel and looking to crash land!

XLM broke from the ascending triangle and has continued to fall ever since while the EMAs have confirmed the bearish behavior with the crossover. Anyone already in a short should target the FIB level below outlined as their target and see how price reacts once it touches.

MACD continues to fall off a cliff while RSI is right up against resistance and trying to break higher. A fail here could cause a strong move lower as we do have the room until we touch back down on the lower bound. If you are on the sidelines, a touchback up on the EMAs would be the best spot to analyze a potential entry but as of now, it is too risky to enter a short.

Thanks guys