Today we are betting on altcoin against Bitcoin again. In recent weeks, this is the most interesting segment of the entire market. In particular, we will look at the XLM / BTC.
Why this coin?
In the upcoming days, there could be an upward break. The graph nicely shows 5 upwards waves and then ABC correction. Moreover, the last structure resembles a falling wedge and, in addition, we are on long-term support. The only missing thing here is an impulse. We are in a zone of a highly probable hard break, that won't be missing volumes either.
The whole market is currently very difficult to predict. Bitcoin has been going sideways for two weeks. Both big and small altcoins write their own stories as well. At the moment it's very difficult to find such a nice construction that would have a chance to grow. Despite the graph looking very good, we need to break out the falling wedge.