Look at that volume spike! Someone picked up a few lumens.. if it breaks the white line and holds it'll confirm an uptrend short term. Kraken decided to go offline for maintenance at that exact moment.. odd...
The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. There are instances when ascending triangles form as reversal patterns at the end of a downtrend, but they are typically continuation patterns. Regardless of where they form, ascending triangles are bullish patterns that indicate accumulation.
Haven't closed a candle outside of the wedge.. false breakdown was profound though. This is the last bullish signal I've got for stellar.. otherwise it's a Drop to .26 and a bounce off of long term support. Today will be telling.
Could be leg B of Large ABC correction. Weak RSI divergence, rising wedge, low volume.. not looking promising. If it breaks .8 it's going to test $1, if the breakout fails, get ready to hold for C leg correction before next wave up.