XLM broken out of downtrend region, consolidating now. Daily uptrend held and found support on the daily .382 fib retrace. rejected at the .5 fib level and moving back up to test that region again. Signs of bullish divergence on the rsi 4hr with macd crossed on 4h, and forming an upward channel with long standing daily uptrend. Alot of alt coins are now hitting...
Looks like its forming an angled cup and handle (satisfies both handle price and duration relative to cup). Broken down trend area and formed a daily uptrend thats held. 4hr 200 and 50 ema about to cross. Bullish divergence on the 4 hr rsi and crossing macd. Forming a symmetrical triangle between daily uptrend and 4 hour downtrend. looks prime to break up out of...
forming down trend. likely find support at previous low, which lines up with .5 fib retrace and likely bottom bollinger, likely bounce up to downward trend line, if it does and falls back will consolidate bear trend
potential cup and handle pattern. finding strong support with ema. Will be make or break for stellar if it doesnt break ath here will drop back to retest fib support
so double top which suggests trend reversal. may find support with coinciding ema,sma middle bollinger and upward trend line. once again forming a wedge with lath. which could push it through. the channel is strong. if it falls through bottom trend line will likely travel across and hit bottom bollinger before finding support in second fib channel
WEDGE PATTERN FORMING. LOSING MOMENTUM BUT TYPICAL OF AN OSCILLATING WEDGE AND IF BREAKS THROUGH MOMENTUM WILL SWING BACK. LIKELY BREAK THROUGH FIRST RESISTANCE BECAUSE OF COINCIDING UPWARD TREND LINE (BOTTOM OF WEDGE) AND MIDDLE BOLLINGER AND SMA. WILL FIND RESISTANCE AT LATH. WEDGE PATTERN WILL CONTINUE AND WILL LIKELY OSCILLATE BETWEEN WEDGE, LOWER SUPPORT AND...
