Final Moments To Catch Stellar Lumens XLM At This Support

Hi friends, hope you are well, and welcome to the new update on XLM .

Falling wedge:

On a daily time frame, XLM is bounced from the support of falling wedge pattern with bullish divergence.

Broke out broadening wedge and a re-test:

On a 4-hr time frame, Stellar broke out the resistance of a broadening wedge. Now the priceline is testing the resistance of this wedge as support. There is also a 50 simple moving average support as well.

Tested strong support:

On a weekly time frame, XLM has already tested the $0.18 support and is also likely to form a double bottom as well. Once the priceline will be able to breakout the resistance of the falling wedge

which is formed on a daily time frame then it can reach the big resistance of $0.44.

Conclusion:

If XLM successfully re-tests the resistance of broadening wedge as support and starts a bullish reversal move from here, then there will be a high probability for the breakout from the falling wedge as well.

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