As we can see now, XLM is in a short term upward trend and it is trading at the bottom of this channel + it has the 61,8% Fibonnacci retracement level going for it. Moreover, the signals a second upward move coming nearer.
Given the strong fundamentals of Stellar Lumens (definitely have a look at the Stellar Consensus Protocol white paper by Stanford professor David Mazières), I am long on this crypto gem.
How about you?
(note that this is by no means to be taken as formal investment advice)
--> On the 11th of January more or less around 8am, you can see the price spike, if you would look closer you would see that the price breaks the upper triangle resistance, then falls back a little, and then does its "skyrocketing" move where it jumps strongly and immediately.
--> This is what we typically see when the upper triangle resistance is broken (first a test of the line as support, and then JUMP!)