XLMBTC - SHORT

On rejection of a major Trendline resistance, XLM has formed the left shoulder and head of a Head and Shoulders pattern on the 4h TF. The right shoulder has already reached its peak (assuming trendline holds as resistance) and on break of the neckline we should see a downward move of a minimum of 12% on XLM trading against Bitcoin. For now keep an eye for a move to the downside as the risks are high.