XLM-USDT Breaks out of 2019 May resistance
Showing the weekly TF here as this is a trend going back till May 2019 and I couldnt fit it all in otherwise.
On the daily chart we finally have a close that breaks the long term resistance mark (Orange line). From here we can see a move to test the previous support (green dashed) and finally the previous high resistance marks (green dotted). RSI is bullish, but closer to overbought conditions so expecting it to be a slower climb up.
On the daily chart we finally have a close that breaks the long term resistance mark (Orange line). From here we can see a move to test the previous support (green dashed) and finally the previous high resistance marks (green dotted). RSI is bullish, but closer to overbought conditions so expecting it to be a slower climb up.
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