XLM consolidates for next leg past 0.60
XLM has been in an up leg pretty much in tandem with VET, marking the 0.60 as the temporary top/resistance level.
Sideways movement might be likely during consolidation, but a retest of the 0.50 level would be healthier. If it does correct to the 0.50 level, a convergence of the short term trend line that began on the 10th, the 0.50 level, as well as the 50 EMA, might prove to be an extremely strong level of support, validating our analysis. Price action to confirm analysis.
Overall trend of XLM is still a strong up.
Sideways movement might be likely during consolidation, but a retest of the 0.50 level would be healthier. If it does correct to the 0.50 level, a convergence of the short term trend line that began on the 10th, the 0.50 level, as well as the 50 EMA, might prove to be an extremely strong level of support, validating our analysis. Price action to confirm analysis.
Overall trend of XLM is still a strong up.
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