Similar to XRP, XLM is at a decisive point with little room left for price to move before a breakout.
A break of this descending triangle will give us an indication of where price is headed. So far the support at $0.37 held well and it may be strong enough to give XLM a nice push higher.
This bias is also supported by the daily indicators which are trying to curve up and turn bullish, but volume still remains lacking, so we need a nice break-up from this formation to get the momentum we need for a new high on this chart.
We should find out soon where XLM is headed, a few days max and we we have a break of this formation.
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A break of this descending triangle will give us an indication of where price is headed. So far the support at $0.37 held well and it may be strong enough to give XLM a nice push higher.
This bias is also supported by the daily indicators which are trying to curve up and turn bullish, but volume still remains lacking, so we need a nice break-up from this formation to get the momentum we need for a new high on this chart.
We should find out soon where XLM is headed, a few days max and we we have a break of this formation.
Like and follow if you liked this idea! Also join my crypto community to stay in touch!
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