On rejection of a major Trendline
has formed the left shoulder and head of a Head and Shoulders
pattern on the 4h TF. The right shoulder has already reached its peak (assuming trendline
holds as resistance) and on break of the neckline we should see a downward move of a minimum of 12% on XLM
trading against Bitcoin
. For now keep an eye for a move to the downside as the risks are high.