$XLM Consolidation Nearing Completion MASSIVE POTENTIAL! $ETH
Really not much to write here, we saw XLM breakout of the falling wedge consolidation pattern earlier this week and now we might have our higher low in place.
A few things to note
The higher low on XLM is relative pretty high compared to the last spike low which signals relative strength in the overall market.
Stochastic RSI is possible bucking the downtrend here on the hourly
MACD Histogram looks oversold and currently turning around as the moving averages tighten up confirming a possible reversal
Still waiting for volume you fully confirm this move but so far we might have the early signs.
If confirmed, fib extensions on past trends put the first upwards movement around 5800 to 6000 sat.
Put it on your radar as this does have legs if it wants to run!
Not financial advice.
A few things to note
The higher low on XLM is relative pretty high compared to the last spike low which signals relative strength in the overall market.
Stochastic RSI is possible bucking the downtrend here on the hourly
MACD Histogram looks oversold and currently turning around as the moving averages tighten up confirming a possible reversal
Still waiting for volume you fully confirm this move but so far we might have the early signs.
If confirmed, fib extensions on past trends put the first upwards movement around 5800 to 6000 sat.
Put it on your radar as this does have legs if it wants to run!
Not financial advice.