After a week of consolidating the prior monster run, XLM 2 hour is now trading about the symmetrical triangle. With BTC finding some support, I would look to XLM as one of the main benefactors during periods of BTC sideways action. By technical standards, XLM has performed beautifully in consolidating and holding its level during the past weeks drama playing in the upper fib retracement areas.
BBands getting tight signifying a potential big move is in the cards soon, MACD has crossed to bullish as a lagging confirmation and the OBV does show bullish divergence here. With the RSI saying there is plenty of room to run if it wants, XLM must be on the radar.
Failure of this current breakout would be a 2 hour close below the uppermost resistance line (now turned support).
BBands getting tight signifying a potential big move is in the cards soon, MACD has crossed to bullish as a lagging confirmation and the OBV does show bullish divergence here. With the RSI saying there is plenty of room to run if it wants, XLM must be on the radar.
Failure of this current breakout would be a 2 hour close below the uppermost resistance line (now turned support).