XLM in a clear consolidation pattern here, absolutely lovely. Traded down to the lower fib retracement levels on declining volume in this falling wedge here. Clear Support/Resistance here, your risk is a 2 hour close outside the support trend line .

Decision time on this consolidation triangle is coming to a close very soon, in about 36 hours we should have a resolution to the overall direction.

Confirmation for breakout - a 2 hour close above the resistance trend line around about $0.60 on increasing volume would indicate this consolidation period is over and we are ready to roll

Failure - 2 hour close below the support trend line

Not much else to analyse here, the best trades are the most obvious ones.
Thanks for your work! Update on this one :)?
Nice chart. What kind of targets are we looking at towards the upside? IF it breaks up do you think it will retest the ATH or possible stall around $.75-$.80 as in the B wave of an ABC correction? No way to know for sure of course but I’m your opinion? Trying to determine my target.
@JWos, Don't like giving targets too much but I would figure if bullish confirmation then the next wave or move would take us around ATH maybe slightly higher before sellers come in.
JWos Crypto-Crown
@Crypto-Crown, totally understand.... it’s all speculation! I appreciate the input
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out