BINANCE:XLMUSD   Stellar Lumens / US Dollar (calculated by TradingView)
XLM is trading higher after it breaks its yellow bear channel . The token is currently fighting to establish above its previous 0.1212 peak. Once it manages to stay above, next level to defend for the bears is 0.131. This is quite a tough level which will ask more juice to break. The rise is impulsive as shown by the 5 wave advance sequences, but waves are short, momentum stays weak and technical Stoch is not far from crossing from overbought territory. This makes us being short term cautious.

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