XLM recently surged through earlier major resistance line, which according to polarity is now major support line. Bitcoins recent drop caused
XLM to hit its major support line. There is a possibility of Head and Shoulder form, which would predict a breakthrough of the current major resistance line leading to new ATH.Share your thoughts in comments.
Note
Currently, XLM is still in a clear downward channel in 30 mins candle, which it needs to break to confirm the new bullish trend. The major support area is keeping clean, which is a strong overall bullish signal.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.