This wedge is a long time in the making, and it's coming to a close. Which way will it bounce? The volume remains strong and the RSI has formed a bullish divergence. I believe we will be breaking out of the wedge in the next 24-48 hours. Very bullish on this chart!
As I correctly predicted last week, XLM was due for a breakout... before it was rudely interrupted by yesterday's shenanigans. Now we have a very similar pattern forming. A bull flag and a bullish RSI divergence. XLM is sitting at a very strong support level and will be bouncing upward in the next day or so.
Bullish divergence on the RSI tells us bears are out of steam. Wait for confirmation (Breaking the 3k line) but XLM is set for a 5-6% upside over the weekend.
