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XLM Falling Wedge Formation & 3 Drives pattern

690
Bullish Indication:

  • Falling Wedge
  • Low Sell Volume


Bearish Indication:

  • Bearish 3 drive pattern
  • Weekly RSI Extremely over bought.


Getting mixed signals for XLM as it sky rocketed the past few days. Entering trade after confirmation would be best option here.
If we break trend support i will open a short position and TP at local support.
If trend resistance is broken i will open a long and set targets towards next resistance and weekly resistance.

I will update on full trade :)


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