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.


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