BTC is squeezed between these short-term trends. Other indicators show it will break UP!
My guess is that xlm will rise to these two converging resistances and get rejected. I see too much bearish sentiment toward xlm, and it looks like it's in an ascending wedge, which is a bear signal. I believe it could break down to the major major support line it's been building since the beginning of the year. this is not financial advice.
A rising wedge? I haven't taken a position into xlm yet. I see conflicting patterns. I do think with this alt run it will go up, but I think there has been a decline in interest in this coin since the last pump in Feb.
Algo is having a tough time breaking through these small pattern resistances on the hourly. No doubt, if it prints green over this resistance and turns it into support, it will jump. Not financial advice.
Two touches on the top and two on the bottom. XLM loves to take its time, which I appreciate. It isn't a moon coin, although I believe it will be worth much more, short term (2 months) and long term (5 years) This is absolutely not financial advice.
We've seen several touches on the top of the decending resistance line, as well as at the bottom of a horizontal support line. We'll coil into this pattern for a bit unless BTC has a major breakout and we follow suit. I could see GRT hitting $3 shortly. This is not financial advice.
After breaking out of the previous triangle, back-testing it, and coming out victorious, we're now caught in a channel. We've had several touches o both the top and the bottom, and I think we'll see a break through the top if BTC can make up it's mind on the 50k line. This is not financial advice.
On the 4 hour we've broken through the triangle and are in the process of retesting our former resistance as support. Based on the last two times this happened, we should be seeing a move up to the 0.60 range within the next two weeks. This is not financial advice.