$XLM TITANTIC Breakout - Confirmation level INSIDE! $NEO $ETH
steemit.com/cryptocu...n-nearing-completion
4 hour XLM vs USD here, as we can see it has entered the second phase of consolidation after confirming the first level with a breakout a few days ago. It has found support at the upper level and is currently forming a falling wedge (green triangle area) which if resolved to the upside will likely lead XLM back to prior high area.
What we see here
MACD getting very tight, possible BIG move imminent.
Histogram oversold and curling up signaling we might be done with consolidation
Volume Oscillator turning up and flirting with a cross to the upside
Stochastics possibly beginning to trend up
Volume slowly falling off to near nothing as seen with the trendline above signaling consolidation is nearly over.
What to watch-
For confirmation, look for XLM to have a 4 hour close above the upper trend line around about $0.635 area on good volume as that would be a strong signal for more upside.
Of course, this can still fail, however the trend has not fully broken down until the spike low of the former consolidation period is taken out
Not financial advice.
4 hour XLM vs USD here, as we can see it has entered the second phase of consolidation after confirming the first level with a breakout a few days ago. It has found support at the upper level and is currently forming a falling wedge (green triangle area) which if resolved to the upside will likely lead XLM back to prior high area.
What we see here
MACD getting very tight, possible BIG move imminent.
Histogram oversold and curling up signaling we might be done with consolidation
Volume Oscillator turning up and flirting with a cross to the upside
Stochastics possibly beginning to trend up
Volume slowly falling off to near nothing as seen with the trendline above signaling consolidation is nearly over.
What to watch-
For confirmation, look for XLM to have a 4 hour close above the upper trend line around about $0.635 area on good volume as that would be a strong signal for more upside.
Of course, this can still fail, however the trend has not fully broken down until the spike low of the former consolidation period is taken out
Not financial advice.